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SEBI Board Meeting: Conflict-of-Interest Disclosure Framework

24 March 20251 min read
BANKING & FINANCESEBI Board Meeting:Conflict-of-InterestDisclosureFramework24 March 2025safalsetu.com

Why in the news

SEBI’s board met on 24 March for the first time under its new chairman, with governance reform on the agenda.

Key facts

  • Disclosure framework: board members and their spouses likely to declare all assets and proactively flag conflicts.
  • MIIs: transparent norms for appointing senior officials at exchanges, clearing corporations and depositories.
  • FPIs: relaxed rules to draw global capital and cut paperwork.

Background

Hindenburg Research and the Congress alleged misconduct by former chairperson Madhabi Puri Buch; both she and SEBI denied it, yet calls for transparency grew.

Significance

A test of the new chairman’s leadership on governance, credibility and foreign investment.

Test yourself

1. Who chaired SEBI's first board meeting of the new leadership on 24 March?

Tuhin Kanta Pandey is the new SEBI chairman.

2. Which of these is classed as a market infrastructure institution (MII) in the SEBI agenda?

MIIs include stock exchanges, clearing corporations and depositories.

3. Whom would the proposed SEBI disclosure framework require to disclose all assets?

The framework is likely to cover SEBI board members and their spouses.

This topic is part of Daily Current Affairs 23 & 24 March 2025 (28 topics).

All topics of the dayDay quizMarch 2025

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