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Informist, Friday, Nov. 14, 2025

 

--SEBI Pandey: To put conflict of interest code report by panel before board

--CONTEXT: Comments by SEBI chairman Tuhin Pandey at event sidelines

--SEBI Pandey: To place conflict of interest code report in next board meet

 

By Rajesh Gajra

 

NEW DELHI – The Securities and Exchange Board of India will place the report of a high-level committee on conflict of interest, disclosures, and related matters of the regulator's members and officials before its board at the next meeting, Chairman Tuhin Kanta Pandey said on the sidelines of an event in New Delhi on Friday. The SEBI chief was responding to queries from Informist.

 

Pandey did not comment on the recommendations of the committee report. On a question about whether it was right on the part of the panel to exclude part-time members of SEBI from the purview of some of the proposals that apply to whole-time members, Pandey said he cannot comment on any recommendation. "The committee has given its justifications," he said.

 

In the report, which was submitted to SEBI on Monday, the high-level committee exempted the regulator's part-time members from outside the government from the proposal of internal and public disclosure of assets and liabilities by SEBI members and certain officials. But if such a member was an independent director on the board of a listed company, he will have to make the relevant disclosures under the listing rules. The panel's proposals also exempted part-time members from investment restrictions. The panel argued that the rigour for these members could be less since they are not involved in day-to-day regulatory enforcement.

 

The last board meeting of SEBI took place on Sept. 12, and the next one is expected to be held before the end of December.

 

Pandey on Friday spoke on recent steps taken by SEBI to strengthen investor protection and prevent investment-related scams on unsuspecting investors. The SEBI chief inaugurated a common stock market regulatory and intermediaries stall at the India International Trade Fair being held from Nov. 14 to Nov. 27 in New Delhi. The validated UPI handle system introduced by SEBI in October was among the measures Pandey outlined in his speech.  End

 

Edited by Tanima Banerjee

 

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