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The Securities and Exchange Board of India (SEBI) held its first board meeting today on 24 March under the leadership of newly appointed chairman Tuhin Kant Pandey. Many major decisions have been taken in this meeting. SEBI has increased the disclosure limit in equity AUM for Foreign Portfolio Investors (FPIs) from the current ₹ 25,000 crore to ₹ 50,000 crore.
SEBI has approved the formation of a committee on Conflict of Interest. The formation of a committee to review conflict of interest has been approved. A High Level Committee (HLC) will be formed to review the disclosure. The names of the committee members will be released soon.
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