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<h1>SEBI Amends Employee Service Regulations: Updates Sub-Regulation 16 to Align with Current Organizational Structures.</h1> The Securities and Exchange Board of India (SEBI) issued the Securities and Exchange Board of India (Employee Service) (Second Amendment) Regulations, 2012, amending the 2001 regulations. Effective upon publication in the Official Gazette, the amendment modifies sub-regulation (1) of regulation 16 by inserting the words 'corresponding grade in the' before 'Officer cadre.' This change aligns employee service regulations with current organizational structures. The 2001 regulations have undergone several amendments since their initial publication, with this being the latest update to refine and clarify employee service provisions within SEBI.