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<h1>SEBI Updates ISIN Activation Rules: New Shares Frozen Until Exchange Approval; Synchronization Required for Multi-Exchange Listings.</h1> The circular serves as an addendum to a previous directive regarding the activation of ISIN for additional share issues. It modifies earlier instructions to ensure that new securities from public offerings, rights issues, or other allocations remain frozen until final listing or trading approval is granted by the exchange. It mandates stock exchanges to synchronize effective dates for listings when a company is listed on multiple exchanges and to inform depositories accordingly. Depositories must amend relevant regulations and inform their participants while ensuring dissemination of these updates on their websites. This action is taken under the authority of the SEBI Act and the Depositories Act to protect investors and regulate the securities market.