SEBI Initiates Review of Transparency and Accountability Framework

Markets regulator SEBI has announced the formation of a high-level committee to review conflicts of interest, disclosures concerning property, investments, and liabilities of board members. The committee, comprising eminent experts, aims to enhance transparency and accountability standards following allegations against former SEBI chief Madhabi Puri Buch.

In a significant move to bolster transparency and accountability, SEBI announced the establishment of a high-level committee to review conflict of interest and disclosure standards for its board members.

The committee's mandate is to assess current frameworks on property, investments, and liabilities, ensuring ethical conduct and high transparency standards.

This decision follows significant allegations by Hindenburg Research regarding conflicts of interest involving former SEBI head Madhabi Puri Buch in the Adani issue.

(With inputs from agencies.)