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of <h1>SEBI's 2025 Amendment Introduces Regulation 38B for Stock Exchanges to Operate Past Risk Verification Data Centers.</h1> The Securities and Exchange Board of India (SEBI) has issued the Second Amendment Regulations, 2025, to the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018. Effective upon publication in the Official Gazette, this amendment introduces Regulation 38B, allowing recognized stock exchanges to conduct activities of a Past Risk and Return Verification Agency Data Centre, subject to SEBI's approval and specified conditions. This amendment follows a series of prior modifications to the 2018 regulations, reflecting ongoing regulatory updates in the securities market.
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