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<h1>SEBI Updates 2018 Regulations: New Conduct Code, Grievance Panel, Chief Risk Officer, and Performance Evaluations Required.</h1> The Securities and Exchange Board of India (SEBI) has issued amendments to the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018. These amendments redefine key management personnel, introduce a code of conduct for exchanges and clearing corporations, and establish a grievance redressal panel. They also mandate the appointment of a chief risk officer, require annual performance evaluations, and enforce data sharing policies. The regulations emphasize segregation of functions, compliance, risk management, and investor protection. Additionally, they outline the responsibilities and conduct expected from directors and key management personnel, with provisions for penalties and relaxation of regulations under certain conditions.