Extension of timeline for implementation of SEBI Circular dated February 04, 2025 on ‘Safer participation of retail investors in Algorithmic trading’

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....ers through recognized Stock Exchanges Madam / Sir, Sub: Extension of timeline for implementation of SEBI Circular dated February 04, 2025 on 'Safer participation of retail investors in Algorithmic trading' 1. SEBI issued circular on "Safer participation of retail investors in Algorithmic trading" on February 04, 2025. The provisions of the circular were to come in to effect from August 0....

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....f clarifications/modifications specified in operational modalities. 4. Accordingly, it has been decided that stock brokers who are ready with the required systems shall go live w.e.f. October 01, 2025. Further, in order to provide more time to stock brokers who are yet to carry out the required system changes, a glide path is being provided which shall be adhered to by stock brokers, with the f....

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.... by January 03, 2026, the said fact shall be intimated to the exchange. 5. Stock brokers, who fail to adhere to the above milestones, shall be barred from onboarding new retail clients for API based algo trading framework w.e.f. January 05, 2026. 6. Stock exchanges shall monitor the compliance of stock brokers with the above stated milestones. 7. Stock brokers, who are not ready to go liv....