SEBI First Board Meeting Under Tuhin Kanta Pandey
Why in the news
At its first board meeting under Tuhin Kanta Pandey, the Securities and Exchange Board of India moved to rebuild trust after earlier conflict-of-interest allegations and eased several rules.
Key facts
| Area | Decision |
|---|---|
| Governance | High-Level Committee to examine conflict of interest and disclosure norms for senior SEBI officials |
| FPIs | Disclosure threshold doubled from ₹25,000 crore to ₹50,000 crore, easing compliance |
| Category II AIFs | Investment in ‘A’ or lower-rated debt to count as unlisted securities, improving risk transparency |
| Market infrastructure institutions | Changed appointment process for Public Interest Directors and Key Managerial Personnel |
| Advisers and analysts | May take fees up to one year in advance, replacing the earlier three-month cap for RIAs |
Objectives and impact
- Greater transparency, simpler compliance and alignment with global practice.
- Investors gain clearer disclosure; intermediaries get predictable rules.
- Aims to restore market confidence.
Exam angle
- SEBI chief: Tuhin Kanta Pandey.
- FPI disclosure threshold: ₹50,000 crore.
- Abbreviations: AIF, MII, PID, KMP, RIA.