Information obtained in a fiduciary relationship by SEBI is exempted from disclosure under Section 8(1)(e) of the RTI Act

Last updated: 22 October 2020

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The Appellate Authority has ruled that information held by SEBI in a fiduciary capacity is exempt from disclosure under Section 8(1)(e) of the Right to Information Act. This decision was made in response to an appellant's request for emails and letters exchanged between SEBI and Franklin Templeton concerning closed mutual fund schemes. SEBI argued that the information was provided in confidence and its disclosure could harm individual privacy and safety.

Court :
SEBI

Brief :
The appellant had filed an application dated August 31, 2020 (received by the respondent through RTI MIS Portal) under the Right to Information Act, 2005 (“RTI Act”). The respondent, by a letter dated September 21, 2020, responded to the application filed by the appellant. The appellant filed an appeal dated September 21, 2020, against the said response dated September 21, 2020. I have carefully considered the application, the response and the appeal and find that the matter can be decided based on the material available on record.

Citation :
Appeal No. 3923 of 2020

Daily Limit Reached