The proposed Code adopts a principle-based approach, simplifies legal language and strengthens SEBI's powers and governance framework. It streamlines enforcement by introducing a single adjudication process with defined timelines, converts minor offences into civil penalties, and restricts criminal liability to serious violations such as market abuse. The Bill also proposes an ombudsperson for investor grievance redressal, mandates disclosure of conflicts of interest by SEBI board members, enables a regulatory sandbox for innovation, and promotes greater transparency in framing regulations.

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