The Parliamentary Standing Committee on Finance will meet Securities and Exchange Board of India (Sebi) officials on Monday and may seek an explanation on the regulator’s action on a host of issues. These include the Franklin Templeton fiasco and defaults by brokers in payout to clients.

       The panel, chaired by Jayant Sinha, is likely to also review outcomes of the measures taken by Sebi in the IL&FS and Dewan Housing Finance cases. The panel may also want to know the rationale behind the tepid action in the National Stock Exchange’s (NSE’s) co-location case. Sebi ...