SEBI has constituted a High- Level Committee on Conflict of Interest, Disclosures and related matters in respect of Members and Officials of SEBI. The Terms of Reference for the High level Committee are as follows:
- Review the existing policies and frameworks governing conflict of interest, disclosures & related matters and identify any gaps or ambiguities.
- Recommend a robust framework for preventing, mitigating and managing conflict of interest including a recusal policy, disclosure requirements covering public disclosures, provisions pertaining to restriction on investments, maintenance of digital records and framework for monitoring, etc.
- Recommend a mechanism for members of the public to raise concerns pertaining to conflict of interest, disclosures including process to examine complaints
- Any other related matter as considered appropriate
The HLC is expected to submit its recommendations within three months from the date of constitution, which shall be placed before the Board for consideration.
