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<h1>SEBI Issues Guidelines for Managing Conflicts of Interest in Securities Market; Entities Must Comply in Six Months.</h1> The circular issued by SEBI outlines comprehensive guidelines for intermediaries, recognized stock exchanges, clearing corporations, depositories, and their associated persons to manage conflicts of interest in the securities market. These entities must establish policies and procedures to identify and address conflicts, maintain integrity, ensure fair client treatment, and prioritize client interests. They are required to disclose potential conflicts, implement information barriers, and restrict securities transactions when conflicts arise. The guidelines also prohibit dealing in securities with non-public information and sharing client information for personal gain. Entities must assess and align their existing policies with these guidelines within six months.