The Securities and Exchange Board of India (SEBI) has tightened its employee conduct framework by notifying sweeping changes to its service regulations, introducing stricter conflict-of-interest safeguards, tighter investment restrictions and enhanced disclosure requirements. 

Under the SEBI (Employees' Service) (Amendment) Regulations, 2026, the capital markets regulator has expanded the definitions of 'family' and 'dependent' to include adopted and stepchildren, as well as individuals who are substantially dependent on an employee.