Nomination framework timeline extended for phased implementation as SEBI defers key provisions to allow system changes and testing. Extension of the implementation timeline for Phase II and Phase III of the nomination framework for the Indian securities market. SEBI extended Phase II to August 08, 2025 in view of system development and process changes required by depositories, depository participants and industry associations, and deferred Phase III to December 15, 2025 to allow further development and testing. All other provisions of the earlier nomination circulars remain unchanged.
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Nomination framework timeline extended for phased implementation as SEBI defers key provisions to allow system changes and testing.
Extension of the implementation timeline for Phase II and Phase III of the nomination framework for the Indian securities market. SEBI extended Phase II to August 08, 2025 in view of system development and process changes required by depositories, depository participants and industry associations, and deferred Phase III to December 15, 2025 to allow further development and testing. All other provisions of the earlier nomination circulars remain unchanged.
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