SEBI has deferred a proposal to mandate public disclosure of assets and liabilities by senior officials, citing the need for further discussion and concerns around employee privacy.
The applicants for the post of Sebi Chairman, Members, and other lateral entry roles must disclose actual, potential, and perceived conflicts of both financial and non-financial nature, the recommendation said.
The signatories, in an open letter, pointed out that there were no independent members in the panel.
The committee sought views from legal experts, market infrastructure institutions, independent experts and other stakeholders on May 16.
The names of the members of the High Level Committee will be announced soon, the regulator said.
SEBI has found instances of conflict of interest and is trying to plug it, say sources aware of the development
The appointment of former TCS CEO S Ramadorai as the head of the National Skill Development Agency has hit a roadblock. Questions over conflict of interest are now being raised.
With an aim to bring in a greater level of transparency in the way credit rating agencies work, the capital markets regulator Sebi is working on a new set of guidelines to address conflict of interest in the functioning of such entities.
Does your capital structure involve circular transactions to build up networth? Have the auditors qualified your audit report? Have you willfully concealed any litigation?
Breaking his silence on the controversy, Home minister P Chidambaram on Friday rejected charges of conflict of interest after a IBN network report showed that the Home Ministry recommended dropping of prosecution against his former client.
The Opposition parties created a ruckus in Parliament for the second day on Friday, demanding Home Minister P Chidambaram's resignation over the conflict of interest controversy.
A day after CNN-IBN aired a report showing an alleged case of conflict of interest against Union Home Minister P Chidambaram, the Opposition has been demanding his resignation and stalled Parliament on Thursday.