New Delhi, March 25 -- At it first board meeting under new chairperson Tuhin Kanta Pandey on Monday, India's markets regulator relaxed rules for foreign portfolio investors (FPIs), category-II alternative investment funds (AIFs), and registered investment advisors (RIAs) and research analysts (RAs).

The Securities and Exchange Board of India (Sebi) also decided to form a high-level committee to review conflict-of-interest norms for its members and officials, and deferred the implementation of certain amendments to its regulations after conducting an internal review.

Mint delves into each decision Sebi took at its 209th board meeting and Pandey's rationale for each at the post-meeting briefing.

Sebi doubled the threshold for mandatory g...