SEBI updates

Exemption for Institutional Client Call Records for Research Analysts

Official title: Review of regulatory requirement for maintenance of call records of institutional clients by Research Analysts or Research Entities

Margin Waiver on Subsequent Buy/Sell Transactions Post Early Pay-In

Official title: Margin Waiver on Subsequent Buy/Sell Transactions Post Early Pay-In (EPI) in Cash Segment

Review of Closing Auction Session and Derivatives Settlement

Official title: Review of certain aspects of the Closing Auction Session, market timings and settlement methodology for derivatives contracts

Exemption from Mandatory Merchant Banker Appointment for Private Debt Placement

Official title: Exemption from the requirement of mandatory merchant banker appointment for debt issued through private placement by certain listed issuers

Introduction of Credit Risk-o-Meter for Debt Securities

Official title: Introduction of Credit Risk-o-Meter as an additional disclosure mechanism for debt securities

Review of provisions related to International Securities Identification Number (ISIN) for debt securities issued on private placement basis

Display of Investor Awareness Messages by Stock Brokers

Official title: Display of “investor awareness message(s)” by stock brokers on their trading apps and websites, under Project Jagrook

Master Circular for Debenture Trustees

Review of Position Limits and Penalty Provisions for Commodity Derivatives

Official title: Review of Position Limits for Clients and Penalty Provisions for Violation / Breach of Position Limits for Commodity Derivatives Segment

Ease of regulatory compliances for FPIs investing only in Government Securities

Relaxation in timeline with respect to Accredited Investor mandate for Angel Funds

Extension of Timeline for Implementation of ETF Norms

Official title: Extension of timeline for implementation of provisions of SEBI Circular dated June 15, 2026 on norms for base price, price bands, call auction in pre-open session and Close-out procedure for Exchange Traded Funds (ETFs)