sebi·15 Oct 2026·Circular
SEBI modifies the Closing Auction Session (CAS) framework, market timings, and derivative settlement methodology to improve price discovery. The CAS now operates as a 10-minute session from 3:30 p.m. to 3:40 p.m. with specific order entry and random closure periods. The authority updates the settlement price calculation for expiring index and stock derivatives to use the volume-weighted average price (VWAP) from the last 30 minutes of the Continuous Trading Session. Stock exchanges and clearing corporations must update their operating procedures within 7 days. Most provisions take effect on December 07, 2026, while rules regarding the transition of unexecuted orders from the continuous session to the auction session apply from February 08, 2027.
sebi·07 Oct 2026·Circular
SEBI allows certain listed issuers to issue debt securities or non-convertible redeemable preference shares on a private placement basis without appointing a merchant banker. To qualify for this exemption, the issuer must be regulated by a financial sector regulator in India and maintain a listing on a recognized stock exchange for at least one year without pending fines. The issuer must have no defaults on debt obligations for the current and previous three financial years. The debt security must be senior and secured by a first or pari passu charge, except for CPSEs, PSUs, and statutory bodies. The security must hold a rating of AA- or higher. Issuers must provide a statutory auditor certificate confirming no defaults to the stock exchange.
sebi·24 Aug 2026·Circular
SEBI updates its Cyber Incident Reporting Portal to align with the Format for Incident Reporting Exchange (FIRE) framework. This framework provides standardized definitions and common information fields for cyber incident reporting. Regulated entities must report cyber incidents through the portal at https://siportal.sebi.gov.in. The portal now supports multi-stage reporting to track the incident life cycle from initial report to final closure. Entities must implement necessary systems and amend relevant bye-laws, rules, or regulations to comply with these requirements. This circular applies to all SEBI-regulated entities and operates alongside existing cybersecurity and cyber resilience frameworks.
sebi·11 Jun 2026·Circular
The Securities and Exchange Board of India has extended the compliance deadlines for Merchant Bankers regarding the Separate Business Unit (SBU) framework and revised net worth and liquid net worth requirements. These extensions, granted in response to industry representations concerning operational challenges, shift deadlines for SBU activity transfers, net worth compliance, and regulatory categorisation intimations to align with the financial year-end. All other provisions of the original circular dated January 02, 2026, remain unchanged and must be complied with by all registered Merchant Bankers.
sebi·10 Dec 2025·Circular
The Securities and Exchange Board of India has modified its Master Circular on KYC to facilitate the re-KYC process for Non-Resident Indian (NRI) clients. The requirement that a client must be physically located in India during digital onboarding is now relaxed for existing NRI clients undergoing re-KYC. Intermediaries must ensure that the GPS location (latitude and longitude) captured by their application corresponds to the country specified in the client's Proof of Address. Furthermore, applications must prevent connections from spoofed IP addresses and include features for random action initiation to verify that interactions are not pre-recorded.
