SEBI issues new norms on conflict of interest

India Infoline News Service | Mumbai |

The guidelines are issued by SEBI to stock exchanges, intermediaries, clearing corporations and depositories

The Securities and Exchange Board of India (SEBI) has asked stock exchanges and brokers to follow the new set of guidelines to avoid conflict of interest among market participants.

The market regulator has asked financial market participants to put in place information barriers to segregate the flow of information between different departments and also establish an internal code of conduct for their employees, among other things.

The guidelines, which are based on rules laid out by the International Organisation of Securities Commissions (IOSCO), were issued by SEBI to stock exchanges, intermediaries, clearing corporations and depositories in a circular on Tuesday.
 

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