Views The significance of Sebi’s proposal to regulating chartered accountants and other professionals explained Updated : July 18, 2018 10:41 AM IST The Kotak Committee Report recommended that Sebi should also be allowed to impose duties and liabilities upon third party fiduciaries. A clear policy in this regard was proposed to be formulated. On July 13, Sebi issued another consultation paper aiming to regulate the conduct of fiduciaries such as chartered accountants. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.