New Delhi, March 23 -- The Securities and Exchange Board of India (Sebi) has approved a series of measures on conflict of interest, disclosure and recusal norms for officials of the market regulator.

The Sebi board also allowed foreign portfolio investors to settle their trades on a net basis and measures to revamp the fit and proper norms for market intermediaries, the regulator said in a statement.

The Sebi chairperson and whole-time members will be subject to the same norms for investments as other employees. Their investments in unlisted companies and other commercial ventures have to be liquidated or frozen during their tenures.

The market regulator will set up a digital system to manage conflict of interest and the whistleblower ...