Sebi tightens ethics rules for current, former employees

SEBI tightened ethics rules for its current and former employees, extending investment restrictions to family members including spouses and dependent children, with limited exemptions for ESOPs and pooled vehicles. New rules, effective Monday, require officials to recuse from matters involving family, close associates, and former professional relationships, and disclose future employment negotiations within 30 days. The framework caps exposure to products from a single SEBI-regulated fund manager at 25% of total investments.