A high-level committee set up to review the Securities and Exchange Board of India’s (SEBI) internal conduct norms has recommended a sweeping overhaul of its conflict-of-interest framework, including stronger disclosure rules, creation of an independent ethics office, and tougher post-retirement restrictions to enhance transparency and credibility at the markets regulator.

In its report submitted to SEBI Chairman Tuhin Kanta Pandey, the panel recommended a uniform definition of conflict of interest, “family”, and “relative” for both board members and employees, bringing clarity and consistency across the organisation. The committee proposed that disclosures cover financial, professional, and close personal relationships that could create actual or perceived conflicts.

“The recommendati

See Full Page