SEBI board accepts some recommendations of committee on conflict of interest
This story was originally published at 20:27 IST on 23 March 2026
Register to read our real-time news.Informist, Monday, Mar. 23, 2026
Please click here to read all liners published on this story
--SEBI Board accepts recommendations by conflict of interest body on recusals
--SEBI Board approves some recommendations by conflict of interest committee
--SEBI brings chairman, whole-time members under definition of 'insider'
--SEBI refers some recommendations by conflict of interest body to govt
--SEBI asks govt to decide on conflict of interest norms for board members
--SEBI: Govt to decide on oversight of conflict of interest of board members
MUMBAI – The Securities and Exchange Board of India has accepted some of the recommendations made by the high-level committee on conflict of interest and disclosures for the regulator's members and employees. It has also asked the central government to look at two of the recommendations related to board members.
SEBI accepted the recommendation that members recuse themselves in case of a material financial interest. The regulator will mention some of the recusals in its annual report.
SEBI chairman, whole-time members, executive directors, and chief general managers will have to publicly disclose details of immovable properties. However, other assets and liabilities can be disclosed internally to SEBI.
Restrictions on investments for the chairman, whole-time members, and employees will also be applicable to their spouses and dependent family members. This will be applicable prospectively, and existing investments will be grandfathered.
SEBI chairman, whole-time members, and employees will have to recuse themselves from matters where their new investments in products of a single SEBI-registered intermediary exceeds 25% of their financial portfolio. Further, the chairman and whole-time members are being brought under the definition of 'insider'.
SEBI will set up an Office of Ethics and Compliance to manage conflict of interest framework for employees. It plans to implement the committee's recommendations related to the SEBI (Employees' Service) Regulations, 2001.
SEBI decided that it will refer the matter of deciding separate set of regulations for board members to the government. It has also asked the government to decide on the oversight of board members' conflicts of interest, including the creation of an Oversight Committee on Ethics and Compliance. End
Reported by Anshul Choudhary and Kabir
Edited by Saji George Titus
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.
Informist Media Tel +91 (22) 6985-4000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2026. All rights reserved.
To read more please subscribe
Share this Story:
