Sebi tightens disclosures for top officials
Sebi's board has greenlit significant disclosure rule changes for its top brass, including public asset declarations for chairmen and whole-time members, aligning with conflict-of-interest committee recommendations. These officials will now be classified as 'insiders' with investment restrictions similar to employees. The regulator also approved netting benefits for foreign portfolio investors in equity trades.
Sebi's board has greenlit significant disclosure rule changes for its top brass, including public asset declarations for chairmen and whole-time members, aligning with conflict-of-interest committee recommendations. These officials will now be classified as 'insiders' with investment restrictions similar to employees. The regulator also approved netting benefits for foreign portfolio investors in equity trades.
