Description

RTI appeal regarding status of complaint against a registered broker for SEBI rule violations. Appellant sought information on representation dated October 18, 2025.

Summary

This is an order by SEBI’s Appellate Authority under the Right to Information Act, 2005 in Appeal No. 6655 of 2026 filed by Payyappilly Mamachan. The appellant had filed an RTI application on November 17, 2025 seeking information about a complaint dated October 18, 2025 regarding SEBI rule violations by a registered broker. The CPIO responded on December 08, 2025, and the appellant filed an appeal on December 12, 2025 (Reg. No. SEBIH/A/E/25/00326) expressing dissatisfaction with the response.

Key Points

  • RTI application filed on November 17, 2025 seeking status of representation dated October 18, 2025 concerning broker violations
  • CPIO confirmed receipt with diary number/inward registration number 5943
  • Representation is under process and has not reached logical conclusion
  • Appellant sought 7 specific information points including diary number, department/officer details, current status, action taken, and expected timeline
  • Appellate Authority upheld CPIO’s response as adequate
  • Names of officers handling the matter classified as personal information and not disclosable under RTI Act

Regulatory Changes

No regulatory changes introduced. This is an administrative RTI appeal order.

Compliance Requirements

No new compliance requirements. The order reinforces existing RTI Act provisions regarding:

  • Public servants contributing to decisions are entitled to anonymity
  • Personal information of officials is not covered under Section 2(f) of RTI Act
  • Information about matters under process that haven’t reached logical conclusion may be withheld

Important Dates

  • October 18, 2025: Original representation submitted to SEBI Chairman
  • November 17, 2025: RTI application filed by appellant
  • December 08, 2025: CPIO response to RTI application
  • December 12, 2025: Appeal filed (Reg. No. SEBIH/A/E/25/00326)
  • January 09, 2026: Appeal order issued

Impact Assessment

Minimal market impact. This is a procedural RTI appeal order addressing information disclosure norms under the RTI Act. The order clarifies that:

  1. Personal information of SEBI officials handling complaints is not disclosable
  2. Matters under process may have limited information disclosure until logical conclusion
  3. Reinforces precedents from Central Information Commission and Karnataka High Court on anonymity of public servants in decision-making processes

The order has no direct impact on market operations, trading, or regulatory compliance for market participants.

Impact Justification

Administrative RTI appeal order with limited market-wide impact. Concerns individual complaint processing and personal information disclosure under RTI Act.