30 briefs
Investment advisers must certify sales and non-core associated persons through the lighter NISM Series-XXV-B exam instead of the full adviser exams
Municipal debt issuers and their compliance teams must apply the new refinancing-disclosure, pooled-finance, retail-incentive and Rs 1 lakh/Rs 10 thousand face-value rules, with half-yearly and annual reporting timelines extended
Originators, servicers and debenture trustees in listed securitisation must apply the RBI-aligned rules: single-asset securitisation for RBI-regulated entities, servicer-borne periodic disclosures, and a one-seat originator cap on SPDE trustee boards
AIF managers launching regular schemes get a 10-working-day timeline, while AI-only schemes and Angel Funds may launch on registration or PPM filing without routing the PPM through a merchant banker
AMC treasury and operations teams using intraday borrowing must cap it at receivables sighted, repay by end of day, bar its use as leverage, and operate under a board-approved policy
Registrar and transfer agents and depository-participant transmission teams must apply the new Quick Transmission Processing tier, doubled simplified-documentation limits, and removed PAN/probate requirements when processing deceased-investor claims
Listed-company secretarial and compliance teams running open-market buy-backs via stock exchanges from 1 August 2026 must complete within 66 working days, deploy 40% of funds in the first half, and freeze promoter securities at ISIN level
AIFs and erstwhile VCFs must meet specified conditions to retain wind-up proceeds beyond fund life, and may obtain 'Inoperative Fund' status — barring new schemes and management fees — with annual reporting until liabilities are resolved
Exchanges, clearing corporations and AMCs must implement SEBI's new ETF base-price, dynamic price-band, close-out and commodity-ETF pre-open-auction norms from 1 September 2026
Registered Merchant Bankers must meet revised SEBI compliance deadlines, with SBU transfer and Clause 11.2.10 compliance now due 31 December 2026 and net-worth phases aligned to financial year-ends
LLP successors face SEBI penalty exposure for pre-conversion PFUTP violations
Debenture trustees must meet CRA, press-release and India BondInfo default timelines
