New Delhi, Nov. 12 -- A high-level committee appointed by the Securities and Exchange Board of India (Sebi) has proposed a far-reaching revamp of conflict-of-interest and disclosure norms across the regulator's hierarchy, in what could become the most comprehensive set of internal reforms at the Sebi in years.

The committee has proposed that candidates for the roles of Sebi chairman, whole-time member (WTM), and other lateral entrants make pre-appointment disclosures of all actual, potential and perceived conflicts of interest, both financial and non-financial, to the appointing authority. The goal is to strengthen transparency at the appointment stage itself, and ensure that individuals with personal, professional, or financial entangle...