Conflict of interest and investment restrictions strengthen SEBI employee disclosure, recusal, and non-permitted investment controls. The amendments revise the employee-service framework by expanding definitions of dependent, family members, financial investment, non-permitted investment, permitted investment, professional interest and relational interest, while introducing the Office of Ethics and Compliance as the key disclosure and approval authority. They prohibit fresh non-permitted investments during service, provide limited relaxations and options for existing holdings, require disclosures of interests, property, financial transactions and future employment negotiations, and introduce a structured recusal regime for conflicted relationships backed by a digital recording system.
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Conflict of interest and investment restrictions strengthen SEBI employee disclosure, recusal, and non-permitted investment controls.
The amendments revise the employee-service framework by expanding definitions of dependent, family members, financial investment, non-permitted investment, permitted investment, professional interest and relational interest, while introducing the Office of Ethics and Compliance as the key disclosure and approval authority. They prohibit fresh non-permitted investments during service, provide limited relaxations and options for existing holdings, require disclosures of interests, property, financial transactions and future employment negotiations, and introduce a structured recusal regime for conflicted relationships backed by a digital recording system.
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