SEBI Board Meets Today: Major Reforms for MFs, Brokers on Agenda

• SEBI board to meet today (Dec 17) to discuss regulatory reforms for mutual funds, stock brokers, and internal governance.
• Key proposal: Exclude statutory levies (STT, CTT, stamp duty, GST) from mutual fund Total Expense Ratio (TER) for transparency.
• Consider report on conflict of interest, recommending asset disclosure for senior officials and a stricter ethics framework.
• Review broader mutual fund regulations, including TER definition, brokerage, and removal of 5 basis points charge.
• Proposals also include reviewing Stock Broker Regulations, defining algorithmic trading, relaxed KYC for NRIs, and closing auction.

Why It Matters: SEBI board to discuss significant reforms across mutual funds, stock brokers, and internal ethics.