SEBI tightens intermediary rules under section 30, adding regulation 30A(1)(da) on net worth, revenue and business segregation

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....Notification issues the Securities and Exchange Board of India (Intermediaries) (Third Amendment) Regulations, 2025, made under section 30 of the SEBI Act, 1992, effective thirty days from publication in the Official Gazette. The amendment inserts clause (da) into regulation 30A(1) of the 2008 Intermediaries Regulations, expanding grounds related to intermediaries that may be acted upon by the Board. The new clause covers failure to meet specified minimum net worth or minimum liquid net worth requirements, failure to meet criteria for minimum revenue generation from permitted activities (subject to Board-specified exemptions), and failure to transfer specified activities to a separate business unit as may be required by the Board.....