Mumbai, March 24 -- The Securities and Exchange Board of India (SEBI) has softened the "skin-in-the-game" rules for asset management company (AMC) employees. These rules will replace the framework that came into force in July 2021 which required AMCs to pay 20% of senior executives' salaries in units of the schemes they manage. SEBI has replaced the old system by a new slab-based system now. It noted that employees with a gross cost-to-company (CTC) of less than Rs 25 lakh (slab 0) face no mandatory investment. For employees with CTC of Rs 25-50 lakh (slab 1), 10% of gross CTC or 12.5%, excluding employee stock ownership plans (Esops), have to be invested in overseen schemes. It noted further that employess with CTC in the range of Rs 50 ...