SEBI to bring disclosure rules on ‘conflict of interest’ within SEBI’s Board
Tuhin Kanta Pandey, the new chairman of the Securities Exchange Board of India (SEBI) has emphasised the need for transparency regarding conflicts of interest within SEBI’s board and will soon introduce a plan to disclose any conflicts of interest within SEBI’s board to the public. This would be in line with maintaining trust and transparency, which is crucial to the stability and credibility of India’s capital markets. His remarks come at a significant time, as his predecessor, has been under legal scrutiny.
He further assured that SEBI would strive for greater engagement with Foreign Portfolio Investors (FPIs) and Alternative Investment Funds (AIFs) to address their concerns. While acknowledging that FPIs can be impacted by global events, he pointed out the role of domestic institutional investors in ensuring market stability. He also highlighted that SEBI's efforts over the last decade have been instrumental in helping Indian companies raise significant funds through the capital markets, averaging Rs. 2.3 trillion annually. He pointed to the increasing participation of domestic investors, particularly through mutual funds, which have seen investments grow by 2.5 times.
