Rebukes about reversible nose rings (9)
I believe the answer is:
resonates
'rings' is the definition.
(I've seen this in another clue)
'rebukes about reversible nose' is the wordplay.
'rebukes' becomes 'rates' (I've seen this in another clue).
'about' is an insertion indicator.
'reversible' shows that the letters should be reversed in order.
'nose' in reverse letter order is 'eson'.
'rates' going around 'eson' is 'RESONATES'.
(Other definitions for resonates that I've seen before include "reverberates" , "Rings" , "Resounds" .)