SEBI Board to Revisit Conflict-of-Interest Framework on March 23

• SEBI board to deliberate on conflict-of-interest and disclosure framework for senior officials at March 23 meeting.
• The framework, based on high-level committee recommendations, was deferred in December for further discussion.
• Regulator may also examine proposal to allow netting of funds for foreign portfolio investor transactions.
• Revisions to 'fit and proper person' norms for intermediaries to tighten disclosure and assessment standards are expected.
• Other items include modifications to master circulars for stock exchanges, clearing corporations, and commodity derivatives.