Special window for transfer and dematerialisation of physical securities before April 2019, with mandatory demat and one-year lock-in.
Credit of securities to demat accounts: removal of LOC requirement allows RTAs and issuers to directly credit after due diligence.
Doctrine of merger and trustee-like powers in SEBI-appointed Special Committee dispute; final order not merged and appeals dismissed
Personal liability of directors in regulatory enforcement: court defers to statutory remedy under SEBI Act and urges SAT appeal
Listing Obligations and Disclosure Requirements amendments raise HVDLE threshold and tighten dematerialisation, escrow and governance compliance.
Closing Auction Session in Equity Cash Segment introduced, phased implementation with new timings, order types, and reference price rules.
Mutual fund regulations overhaul: tightened sponsor/AMC capital and governance rules, new Lite and Specialized Fund regimes
SWAGAT-FI category for FPIs/FVCIs allowing conversion to simplified registration, unified custody, 10-year renewals and KYC
Single-window SWAGAT-FI for concurrent FVCI/FPI registration and conversion, streamlining documents; extended renewals and 10-year KYC
Credit rating agencies allowed Board-specified activities and to rate instruments under other regulators, subject to those regulators' guidelines
Renewal of recognition for AMC Repo Clearing Limited as clearing corporation limited to repo/reverse-repo debt settlement for one year
Broker trading-system "technical glitch" redefinition and narrowed incident-reporting regime for large IBT/STWT brokers requiring 2-hr notice and 14-w...
Stock-exchange disciplinary action and board composition challenge: writ maintainable, arbitration objection rejected, March 15 board decision set asi...
AIF investor accreditation delays scheme corpus counting; managers may sign contribution agreements, accept funds only after certificate issued
Uniform compliance reporting for Specialized Investment Funds aligned with mutual funds, adding new CTR Part IV and trustee clause.
Mutual fund distributor incentives for new B-30 city and women investors delayed, implementation moved from Feb 1 to Mar 1, 2026
Merchant bankers' revised net worth and liquid net worth rules set phased compliance deadlines, with auto downgrades and activity curbs.
Clients authorising third-party F&O trades can't claim losses for missing SEBI confirmations; arbitral 50% loss award set aside.
AIF managers' compliance officer certification requirement: NISM Series-III-C mandatory by 1 Jan 2027; uncertified ineligible
SEBI investigation report disclosure to accused in securities prosecution, fair-trial Article 21 duties upheld; report must be shared
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