Sebi: Sebi chief bats for full disclosure by its board members

Mumbai: The Securities and Exchange Board of India (Sebi) will disclose any conflict of interest of its board members, to ensure transparency and trust in its functioning, its chief Tuhin Kanta Pandey said on Friday.

“I think trust and transparency extend to Sebi itself… we need to be more transparent, including on various other measures, for example, on the conflict of interest of the board…And we will be coming forward with our own plan to further transparently reveal these conflicts of interest, etc, to the public,” Pandey said in his maiden public speech since taking over as the regulatory body chief.

On March 1, Pandey, a career bureaucrat, took charge as the Sebi chief replacing Madhabi Puri Buch.

Buch, who led Sebi for three years, came under attack after the now-defunct Hindenburg Research and the Congress party levelled serious allegations against her around conflict of interest. Buch and Sebi issued statements denying these claims.

“Trust and transparency are crucial not only for regulated entities but also for functioning of Sebi as well. A transparent and accountable regulatory framework fosters confidence and clarity in the market,” Pandey said.