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India’s SEBI ethics panel recommends major reforms, including conflict-of-interest rules and asset disclosures, after misconduct allegations.
A high-level committee has recommended sweeping ethics reforms for India’s SEBI, urging legally binding conflict-of-interest rules, public disclosure of top officials’ assets, stricter investment limits, and a two-year cooling-off period for former staff.
The panel, led by Pratyush Sinha, proposed creating an independent ethics office, mandatory recusal reporting, and enhanced transparency measures to align SEBI with global standards, following scrutiny over past allegations involving former chairperson Madhabi Puri Buch.
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El panel de ética del SEBI de India recomienda reformas importantes, incluidas las reglas de conflicto de intereses y la divulgación de activos, después de las acusaciones de mala conducta.