New Delhi, July 16 -- The Securities and Exchange Board of India (SEBI) has adopted a comprehensive code of conduct for its board members to boost transparency, accountability and public confidence in the capital markets, as per a statement by the market regulator.

The new code, approved at SEBI's June 19 board meeting, introduces stricter norms on investments, disclosures, conflicts of interest, gifts and post-retirement employment and applies to both whole-time members (WTM), including the chairperson and part-time members (PTM), as per the release.

It bars whole-time members (WTMs) from making fresh investments in equities, equity-linked instruments and equity or commodity derivatives during their tenure.

Those already holding such ...