The Committee on Fair Market Conduct under the chairmanship of Dr. T K Vishwanathan, Ex-Secretary General, Lok Sabha and Ex-Law Secretary
SEBI constituted the committee on Fair Market Conduct under the chairmanship of Dr. T K Vishwanathan, Ex-Secretary General, Lok Sabha and Ex-Law Secretary. The mandate of the Committee was to review relevant regulations framed by SEBI to deal with market abuse and to review the surveillance, investigation and enforcement mechanisms being undertaken by SEBI to make them more effective in protecting market integrity and the interest of investors from market abuse. The committee made several recommendations on market manipulation and fraud, insider trading, the code of conduct under insider trading regulations, and surveillance, investigation & enforcement.