Mumbai: Pratyush Sinha, A Former Chief Vigilance Officer and Retired IAS Officer, Has Been Appointed to Lead SEBI’s High-Level Committee (HLC) Focusing on conflict of interest, disclosures and associates matters concerning the regulatory body’s members and officials. The other members of the committee include Injeti srinivasUday kotak, g mahalingam, Sarit jafaand R narayanaswamyA sebi release said.
Sebi in Its March 24 Board Meeting Had Approved The Constitution of a Committee that will conduct a thorough assessment of regulations regulations regulations regulations of interest of interes Associated matters Pertaining to the Regulator’s Board Members and Officials.
The HLC will review sebi’s existing policies and frameworks governing conflict of interest, disclosures and related matters and identify any gaps or ambiguities, the release said. It will also recommend a robust framework for preventing, mitigating and managing conflict of interest involding a Recusal policy, disclosure requirements covers covening public disclosures, provisions Restriction on Investments, Maintenance of Digital Records and Framework For Monitoring, etc.
The HLC will also recommend a mechanism for members of the public to raise concerns Pertaining to Conflict of Interest and Disclosures Including Process to Examine Complaints. The panel will also also have the freedom to look into any other related matter “as considered approve”, the release said. “The committee is required to present its recommendations with three months of its formation, after which these will be submitted to the board for evaluation,” The release added.
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