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HomeMarket NewsSEBI Board Meeting Live Updates: Tuhin Kanta Pandey flags issues in board disclosures, calls for HLC on conflict of interest
SEBI’s board, under new chairman Tuhin Kanta Pandey, met today to discuss key regulatory changes, including FPI disclosures and conflict of interest norms. Stay tuned for live updates.
The Securities and Exchange Board of India (SEBI), in its latest board meeting, announced key regulatory changes aimed at enhancing market transparency, governance, and investor confidence. Among the major decisions, SEBI doubled the disclosure threshold for Foreign Portfolio Investors (FPIs) from ₹25,000 crore to ₹50,000 crore, ensuring better oversight of large investors.
SEBI Chairman Tuhin Kanta Pandey clarified that while more granular disclosures and detailed KYC requirements are being introduced, the regulator does not intend to deter FPIs and is focused on facilitating investment while strengthening market integrity.
The regulator also initiated a review of the High-Level Committee (HLC) on conflict of interest, which will assess and improve board member disclosures related to property, investments, and liabilities. Pandey acknowledged existing issues in disclosure norms and called for an independent expert-led panel to ensure transparency.
SEBI further decided to retain the existing process for appointing Public Interest Directors (PIDs) at Market Infrastructure Institutions (MIIs), requiring SEBI approval but not shareholder approval. Additionally, MIIs will set a minimum cooling-off period for Key Managerial Personnel (KMPs) and Managing Directors before they can join a competing MII.
Other key takeaways include allowing investment advisors and research analysts to charge one-year advance fees
