The High-Level Committee (HLC), tasked with comprehensively reviewing the Securities and Exchange Board of India (Sebi)’s conflict of interest norms for its board members and executives and suggesting new norms, may submit its report within this month, Sebi Chairman Tuhin Kanta Pandey told FE.

“Whatever I know, the Committee will give its support very soon. It could be next week or so, certainly within this month,” he said.

Why the high-level review was initiated

The market regulator approved formation of a high-level committee in the first board meeting under chairperson Tuhin Kanta Pandey, after his predecessor Madhabi Puri Buch had faced allegations of conflict of interest in the regulators’ investigation into Hindenburg’s accusations on the Adani Group.

On April 9, the Sebi for

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