How will Sebi's new Office of Ethics and Compliance (OEC) work?

The OEC, headed by a chief ethics and compliance officer, will manage the ongoing disclosures, while an independent Oversight Committee on Ethics and Compliance (OCEC) will provide independent oversight.

What other measures has Sebi proposed to strengthen transparency?

Sebi employees and board members will be required to internally disclose the names and relationships of relatives, as defined by the Companies Act, along with any other professional or relational interests that could pose a conflict. There will also be a ban on the chairman and whole-time members accepting gifts from entities they have official dealings with.

Home / Business and Economy / Sebi Unveils Comprehensive Conflict-of-Interest Reforms for Top Brass

Sebi Unveils Comprehensive Conflict-of-Interest Reforms for Top Brass

Q: What are the key reforms proposed by Sebi?

The Sebi committee has proposed 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. Senior Sebi officials will also face mandatory public disclosures of their assets and liabilities annually.

12 Nov

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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

Sebi Unveils Comprehensive Conflict-of-Interest Reforms for Top Brass

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.

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