Sebi faces hurdles in recasting consent panel for NSE

Sebi has initiated talks to appoint new members on the consent panel

The Securities and Exchange Board of India (Sebi) is facing challenges in recasting a panel to hear the consent plea submitted by the National Stock Exchange (NSE).
 
According to sources, Sebi has initiated talks with a few external candidates to appoint them as members on the so-called high powered advisory committee (HPAC), to replace some of the existing members, who had to recuse themselves due to conflict of interest.
 
Sources said the markets regulator was yet to find suitable candidates. “There could be two possible issues in taking up such position. One, the experts may not be convinced