Change in control now requires SEBI prior approval; stock exchanges must report other member status changes quarterly. SEBI dispensed with the general prior-approval requirement for members and sub-brokers to change status or constitution but retained a prior-approval requirement for any change in control. Stock exchanges must continue to grant approvals for specified changes (corporate restructuring, director changes under regulatory provisions, legal form conversions, partner changes, etc.) and submit quarterly periodical reports to SEBI in the prescribed Annexure A format, following specified procedural guidelines and reporting channels.