External panel urges SEBI leaders to publicly disclose assets, aligning India with global regulator standards.

• Recommendations target the chairman, full‑time members, requiring pre‑appointment asset, share disclosures for transparency and public review.
• Panel suggests extending employee‑level conflict rules to the board, enforcing stricter recusal and investment guidelines today.
• If the board adopts, SEBI will match U.S. SEC practices, enhancing public trust and accountability significantly.