India, March 24 -- The board of the capital markets regulator, Securities and Exchange Board of India (SEBI), on Monday approved several recommendations of a high-level committee on "conflict of interest" requiring the chairman and senior officers to publicly disclose their assets and liabilities to increase transparency and accountability.

Additionally, the Chairman and Whole Time Members (WTMs) are to be brought within the definition of "insider", SEBI said in its statement after the conclusion of the board meeting.

The committee, chaired by former Chief Vigilance Commissioner Pratyush Sinha, also suggested that all SEBI board members and employees should make initial, annual, event-based and exit disclosures of assets, liabilities, t...