Regulatory Authority Extends Deadlines for Nomination Circular Phase II and III to August and December 2025

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Full Text of the Document

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....The regulatory authority extended the implementation deadlines for Phase II and Phase III of its Nomination Circular originally issued in January 2025 and amended in February 2025, following requests from depositories, depository participants, and industry associations citing operational challenges. Phase II implementation is deferred to August 8, 2025, and Phase III to December 15, 2025, to allow adequate time for necessary system developments and testing. All other provisions of the initial circulars remain unchanged. This extension aims to protect investor interests and ensure smooth regulatory compliance within the securities market.....