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of <h1>Stock Exchanges Must Follow SEBI Act for Risk Management, Good Governance, and Investor Protection: Key Responsibilities Outlined</h1> The Code of Conduct for Stock Exchanges and Clearing Corporations mandates adherence to the Securities and Exchange Board of India Act, 1992, and related regulations, ensuring risk management, good governance, and investor protection. It requires fair treatment of members, prompt reporting of violations, and the adoption of best business practices. Responsibilities include avoiding conflicts of interest, unfair competition, and ensuring compliance by members. Key management roles must be clearly defined, and the corporation is accountable for employee actions. Directors must prioritize investor grievances, maintain confidentiality, and uphold integrity, ensuring regulatory compliance and strategic planning.
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