The Securities and Exchange Board of India (Sebi) has constituted a committee on ‘fair market conduct’, which will be headed by former Lok Sabha secretary and law secretary T K Viswanathan. The panel will have representations from Sebi, mutual funds, brokers, audit firms, stock exchanges, data analytics firms and legal firms.
The committee has been tasked with suggesting improvements to the existing Sebi norms, including on insider trading and fraudulent and unfair trade practices (FUTP). It has been specifically asked to look at trading plans, handling of price-sensitive information during takeovers and aligning of insider-trading rules with provisions of the
