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of <h1>Regulator amends Social Stock Exchange rules: tightened NPO eligibility, mandatory AIRs covering 67% program spend, immediate effect</h1> The securities regulator issued an amendment to the Social Stock Exchange framework updating capital-issuance and listing rules, revising NPO eligibility (registration types and 12-month validity), annual disclosure requirements (governance, operations, finances, top donors/programs) and timelines, and specifying Annual Impact Report (AIR) obligations for social enterprises and unlisted NPOs (self-reported AIR covering 67% of prior year program expenditure). AIRs must be assessed by accredited Social Impact Assessors and disclosed. Recognized exchanges and depositories must implement systems, amend by-laws and monitor compliance. The changes take effect immediately under the regulator's statutory powers.
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