SEBI may appoint a full-time chief vigilance officer (CVO), whose only job will be to keep an eye on the dealings of officials within the organization. So far, SEBI only had a part-time CVO. It has been argued that the SEBI's way of allocating the CVO post as a portfolio to its own official went against the norms of the CVC manual. According to CVC, the CVO in a regulatory organization is an exclusive post and such an official handling any other work could lead to a conflict of interest. The CVO's role in SEBI came under a cloud a few years ago when an IPS officer, who came to SEBI on deputation as executive director and handled various portfolios, was also made the CVO. The same official was later facing a CBI inquiry for mishandling one of the cases related to dealings by a company but could not be taken to task internally as he was also the CVO. In another development, Sanjeev Kaushik, a Kerala cadre IAS officer, was appointed SEBI's third WTM. He will take charge on January 24. Kaushik is waiting to be relieved from his current posting at IIFCL, sources said. SEBI has also received the government approval to appoint a fourth WTM (whole time member), and will soon issue advertisements for the same.