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        SEBI

        Regulation 26 - Code of Conduct for directors and key management personnel.

        Securities Contracts (Regulation) (Stock Exchanges And Clearing Corporations) Regulations, 2012
        Chapter V
        GOVERNANCE OF STOCK EXCHANGES AND CLEARING CORPORATIONS

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        Code of Conduct obligations for exchange directors require adherence to ethics, fitness and sanctions for breaches. Directors and key management personnel of recognised stock exchanges and recognised clearing corporations must abide by the Code of Conduct (Part A, Schedule II) and the Code of Ethics (Part B, Schedule II), satisfy the fit and proper requirement of regulation 20, and may be removed or have appointments terminated by the Board for non compliance or conflicts of interest after being given a reasonable opportunity of being heard.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                          Provisions expressly mentioned in the judgment/order text.

                              Code of Conduct obligations for exchange directors require adherence to ethics, fitness and sanctions for breaches.

                              Directors and key management personnel of recognised stock exchanges and recognised clearing corporations must abide by the Code of Conduct (Part A, Schedule II) and the Code of Ethics (Part B, Schedule II), satisfy the fit and proper requirement of regulation 20, and may be removed or have appointments terminated by the Board for non compliance or conflicts of interest after being given a reasonable opportunity of being heard.


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