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    <title>Sebi panel for sweeping reforms in disclosure, conflict of interest rules for chairman, senior officers</title>
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    <description>The panel requires public disclosure of assets, liabilities, trading activity, family relationships and other interests by the chairman, whole-time members and senior officers to a proposed Office of Ethics and Compliance, supported by an Oversight Committee and a Chief Ethics and Compliance Officer; it further mandates initial, annual, event-based and exit disclosures, a secure anonymous whistleblower system, bans on expensive gifts, uniform investment restrictions extending to spouses and dependent relatives (with limited exceptions for professionally managed pooled vehicles), exclusion of part-time members from certain restrictions, and a two-year post-employment restriction on taking assignments in regulator matters alongside the existing one-year employment ban.</description>
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