Home / Business and Economy / Sebi Unveils Comprehensive Conflict-of-Interest Reforms for Top Brass
Sebi Unveils Comprehensive Conflict-of-Interest Reforms for Top Brass
12 Nov
Summary
- Sebi proposes pre-appointment disclosures of conflicts for chairman, members
- Senior officials to publicly disclose assets and liabilities annually
- New Office of Ethics and Compliance to oversee ongoing disclosures
As of November 12, 2025, the Securities and Exchange Board of India (Sebi) has proposed a comprehensive revamp of its conflict-of-interest and disclosure policies. A high-level committee appointed by Sebi has recommended that candidates for the roles of Sebi chairman, whole-time member, and other lateral entrants make pre-appointment disclosures of all actual, potential, and perceived conflicts of interest, both financial and non-financial, to the appointing authority.
Once in office, senior Sebi officials will also face mandatory public disclosures of their assets and liabilities, a first for the regulator's top brass. The committee has proposed that the chairman, whole-time members, and employees at the chief general manager level and above file such declarations annually. Part-time members may be exempted from public disclosures but will still have to report relevant interests internally.
These disclosures will be submitted to a newly proposed Office of Ethics and Compliance (OEC) and overseen by an independent Oversight Committee on Ethics and Compliance (OCEC). The goal is to strengthen transparency and ensure that individuals with personal, professional, or financial entanglements that could compromise decision-making are identified in advance.
