Improve the bracketed part of the sentence. The Securities and Exchange Board of India (SEBI) (has decreed) that all MF schemes must adopt the Total Return variants of their chosen benchmarks to measure and disclose their performance.

Improve the bracketed part of the sentence.
The Securities and Exchange Board of India (SEBI) (has decreed) that all MF schemes must adopt the Total Return variants of their chosen benchmarks to measure and disclose their performance.
1). is decree
2). have decreed
3). has decreeing
4). No improvement

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