News

SEBI Forms High-Level Committee to Review Conflict of Interest Rules for Officials and Members.

Banking & Finance | Dated: 12 Apr 2025

In April 2025, Mumbai (Maharashtra)-based market regulator, Securities and Exchange Board of India (SEBI) announced the formation of a 6-member High-Level Committee (HLC) chaired by Pratyush Sinha, former Chief Vigilance Commissioner (CVC), to review conflict of interest disclosure provisions for SEBI officials.

🎯 Key Highlights:

- The committee will examine current norms and suggest improvements related to the disclosure of personal property, investments, and liabilities by SEBI board members.
- The HLC is expected to submit its report within three months, after which SEBI's board will review and act upon the recommendations.

💡 Other Important Facts:

(i) SEBI recently relaxed disclosure norms for Foreign Portfolio Investors (FPIs) by increasing the asset threshold for granular Beneficial Ownership (BO) disclosures from Rs 25,000 crore to Rs 50,000 crore.
(ii) Mumbai-based hBits Investment Management Private Limited, a fractional investment platform in commercial real estate, received SEBI’s approval to launch a Small & Medium Real Estate Investment Trust (SM-REIT) public issue.
(iii) hBits plans to raise up to Rs 500 crore through its Initial Public Offering (IPO) by June 2025.

📚 Test Your Knowledge:

Which organization recently formed a High-Level Committee to review conflict of interest rules for its officials and members?

Correct Answer: SEBI

🚀 Quick Recap:

About SEBI

Chairperson: Tuhin Kanta Pandey
Headquarter : Mumbai