Employee remuneration investment requirement mandates AMCs to invest part of staff pay in mutual fund units, increasing alignment.
The asset management company must invest a Board specified percentage of designated employees' remuneration in mutual fund units; must conduct Board specified stress testing of schemes and disclose results in the prescribed form and manner; must deploy new fund offer proceeds within a Board specified timeframe; and may pay distribution charges, commissions or fees in the manner specified by the Board.

Public consultation requirement in securities rulemaking secures stakeholder input and transparency while permitting expedited action in emergencies.
The Regulations require departmental publication of draft regulations with statutory basis, objectives and comment timelines, mandate a standard public consultation process with publication of compiled comments and departmental responses for Board consideration, and allow the Chairperson to dispense with or shorten consultation in exigent circumstances provided such action is reported to the Board.

Investor Charter compliance requirement mandates intermediaries to adhere to the Board specified investor charter and related obligations.
Mandates that specified categories of regulated market participants ensure compliance with an Investor Charter as specified by the Board. The Amendment inserts a provision into the cited regulatory frameworks-including stock brokers, merchant bankers, registrars, debenture trustees, bankers to an issue, asset management companies, custodians, KYC registration agencies, alternative investment funds, investment advisers, research analysts, REITs and InvITs managers, depository participants, designated DPs for FPIs, portfolio managers, and vault managers-requiring each entity to ensure compliance with the Investor Charter specified by the Board from time to time, effective on publication in the Official Gazette.

Regulation of securities contracts narrows permitted derivatives to government, gold-related and money-market securities, excluding non-permitted trades.
The amendment substitutes sub clause (1) to specify that contracts for sale or purchase of Government Securities, gold related securities and money market securities are covered, except for spot delivery contracts, contracts traded on a recognised stock exchange permitted by its rules and bye laws, and any other contracts specifically permitted by the Reserve Bank of India; the amendment takes effect upon publication in the Official Gazette.

Responsibility for AI use imposes data protection, output accountability and legal compliance duties on exchanges and clearing corporations.
Regulation 39B requires recognized stock exchanges and recognized clearing corporations using artificial intelligence and machine learning, whether developed internally or procured externally, to ensure the privacy, security and integrity of investor and stakeholder data, be accountable for outputs produced by such tools, and comply with all applicable laws; the definition covers applications or systems used for public-facing products or internal functions including trading, settlement and compliance.

Artificial intelligence responsibility: regulated entities must secure data, ensure output accountability and comply with law.
New Chapter IIIB requires persons regulated by the Board who use artificial intelligence and machine learning tools-whether in house or third party-to be responsible for the privacy, security and integrity of investors' and stakeholders' data, accountable for outputs relied upon, and compliant with applicable laws; the Board may take action for violations and the explanation defines the scope of AI/ML tools and the term person regulated by the Board.

Responsibility for artificial intelligence: depositories must ensure data security, output accuracy and legal compliance when using AI tools.
Amendments require depositories to pay annual fees within fifteen days from the start of the financial year and to forward remittance details with a chartered accountant certified statement of computation of annual charges. A new 9A imposes statutory interest on unpaid, belated or short payments of fees for every month of delay, without prejudice to other actions. New regulation 82AA mandates depositories using AI/ML tools to be solely responsible for data privacy, security and integrity, for outputs from such tools, and for compliance with applicable laws.

Renewal of recognition permits limited clearing of repo and reverse repo transactions, subject to regulatory compliance.
SEBI renewed recognition of AMC Repo Clearing Limited for a one-year term, conditional on compliance with prescribed rules and specifications; the corporation is restricted to clearing and settling repo and reverse repo transactions in debt securities dealt with on a recognized stock exchange.

Certification requirement for investment advisers: mandatory NISM initial and renewal exams to maintain compliance and standing.
An obligation is imposed that investment advisers, their associated persons, principal officers of non individual advisers, and partners of adviser partnership firms must pass the designated initial certification examinations and, before expiry of their existing certificates, obtain the prescribed renewal certification to maintain continuity of compliance; the notification takes effect on publication and rescinds prior related notifications.