Stock exchanges set up ethics panels
Mumbai: The major stock exchanges of the country, including the National Stock Exchange (NSE), The Stock Exchange, Mumbai (BSE) and the Inter-Connected Stock Exchange of India (ISE) have set up ethics committees.

The ethics committees will implement the code of conduct for stock exchange directors, senior functionaries, committee members of the stock exchanges and their staff to establish a fair and transparent marketplace. The code also includes disclosure norms for employees in respect of dealing in securities, and compliance with all rules, laws and regulations laid down by the government or regulatory agencies, or the exchange.

Although this is the first time that stock exchanges have set up ethics committee, they already have three statutory committees on default, arbitration and disciplinary action.
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