SEBI circulars 2025

Every SEBI circular issued during 2025, in reverse date order. Open any record for the captured text, or go straight to the official SEBI document behind it.

48 circulars published in 2025 · latest 09 Sept 2026

Older

SEBI30 Dec 2025CircularHO/19/(8)2025-AFD-POD1/I/1266/2025

Certification requirement for Compliance Officers of Managers of AIFs

SEBI24 Dec 2025CircularHO/38/13/11(3)2025-MIRSD-POD/I/1102/2025

Simplification of Procedure and Standardization of Formats for Issuance of Duplicate Securities

Official title: Ease of doing investment - Review of simplification of procedure and standardization of formats of documents for issuance of duplicate certificates

SEBI24 Dec 2025CircularHO/38/11/11(3)2025-MIRSD-POD/I/1101/2025

Enhancing the Facility for Basic Services Demat Account

Official title: Ease of investments and ease of doing business measures – enhancing the ‘Facility for Basic Services Demat Account (BSDA)’

SEBI18 Dec 2025CircularHO/17/11/24(1)2025-DDHS-POD1/I/491/2025

Modification in the conditions specified for reduction in denomination of debt securities

SEBI16 Dec 2025CircularHO/17/11/18(1)2025-DDHS-POD1/I/342/2025

Periodic Disclosure Requirements for Securitised Debt Instruments

Official title: Mandating periodic disclosure requirements- Securitised Debt Instruments (SDIs)

SEBI12 Dec 2025CircularHO/47/12/11(5)2025-MRD-POD3/I/196/2025

Provisions relating to Strengthening Governance of Market Infrastructure Institutions

Official title: Provisions relating to Strengthening Governance of Market Infrastructure Institutions (MIIs)

SEBI11 Dec 2025CircularHO/42/36/12(4)2025-OIAE-IAD3

Deferment of Timeline for Implementation of Phase III of Nomination Circular

Official title: Deferment of timeline for implementation of Phase III of Nomination Circular dated January 10, 2025 read with Circular dated February 28, 2025 and July 30, 2025

SEBI10 Dec 2025CircularHO/38/30/12(1)2025-MIRSD-SEC-FATF

Relaxation on geo tagging requirement in India for NRIs while undertaking re-KYC

SEBI08 Dec 2025CircularHO/13/19/13(2)2025-ITD-1_VIAP/I/187/2025

Clarification on the Digital Accessibility circulars of SEBI

SEBI08 Dec 2025CircularHO/19/34/11(5)2025-AFD-POD1/I/188/2025

Modalities for Migration to AI Only Schemes and Relaxations to Large Value Funds

Official title: Modalities for migration to AI only schemes and relaxations to Large Value Funds for Accredited Investors under SEBI (Alternative Investment Funds) Regulations, 2012

SEBI28 Nov 2025CircularHO/24/13/12(1)2025-IMD-POD-2/I/157/2025

Reclassification of Real Estate Investment Trusts as Equity Related Instruments

Official title: Reclassification of Real Estate Investment Trusts (REITs) as equity related instruments for facilitating enhanced participation by Mutual Funds and Specialized Investment Funds (SIFs)

SEBI27 Nov 2025CircularHO/(83)2025-IMD-POD-1/I/152/2025

Additional incentives to distributors for onboarding new individual investors from B-30 cities and women investors

SEBI25 Nov 2025CircularHO/17/11/12(3)2025-DDHS-POD1/ I/145/2025

Modifications to Recovery Expense Fund Provisions for Debenture Trustees

Official title: Modifications to Chapter IV of the Master Circular for Debenture Trustees dated August 13, 2025

SEBI25 Nov 2025CircularHO/17/11/12(3)2025-DDHS-POD1/ I/146/2025

Terms and Conditions for Debenture Trustees Undertaking Non-SEBI Regulated Activities

Official title: Specification of the terms and conditions for Debenture Trustees for carrying out activities outside the purview of SEBI

SEBI25 Nov 2025CircularHO/17/11/12(3)2025-DDHS-POD1/ I/144/ 2025

Timeline for Submission of Information by Issuers to Debenture Trustees

Official title: Timeline for submission of information by the Issuer to the Debenture Trustee(s)

SEBI30 Oct 2025CircularHO/38/12/11(1)2025-MIRSD-POD/ I/73/2025

Ease of doing business – Interim arrangement for certified past performance of Investment Advisers and Research Analysts prior to operationalisation of Past Risk and Return Verification Agency

Official title: Ease of doing business – Interim arrangement for certified past performance of Investment Advisers and Research Analysts prior to operationalisation of Past Risk and Return Verification Agency (“PaRRVA”)

SEBI30 Oct 2025CircularHO/38/12/11(1)2025-MIRSD-POD/ I/71/2025

Ease of doing business measures - Enabling Investment Advisers to provide second opinion to clients on assets under pre-existing distribution arrangement

Official title: Ease of doing business measures - Enabling Investment Advisers (“IAs”) to provide second opinion to clients on assets under pre-existing distribution arrangement

SEBI30 Oct 2025Circular

Further extension of timeline for mandatory implementation of systems and processes by Qualified Stock Brokers (QSBs) with respect to T+0 settlement cycle

SEBI30 Oct 2025CircularHO/47/15/11(1)2025-MRD-TPD1/ I/63/2025

Implementation of Eligibility Criteria for Derivatives on Existing Non-Benchmark Indices

SEBI24 Oct 2025CircularSEBI/HO/IMD/RAC/CIR/P/2025/ 0000000138

Transfer of Portfolios of Clients by Portfolio Managers

Official title: Transfer of portfolios of clients (PMS business) by Portfolio Managers.

SEBI circulars 2025

Every SEBI circular issued during 2025, in reverse date order. Open any record for the captured text, or go straight to the official SEBI document behind it.

48 circulars published in 2025 · latest 09 Sept 2026

Older

SEBI30 Dec 2025CircularHO/19/(8)2025-AFD-POD1/I/1266/2025

Certification requirement for Compliance Officers of Managers of AIFs

SEBI24 Dec 2025CircularHO/38/13/11(3)2025-MIRSD-POD/I/1102/2025

Simplification of Procedure and Standardization of Formats for Issuance of Duplicate Securities

Official title: Ease of doing investment - Review of simplification of procedure and standardization of formats of documents for issuance of duplicate certificates

SEBI24 Dec 2025CircularHO/38/11/11(3)2025-MIRSD-POD/I/1101/2025

Enhancing the Facility for Basic Services Demat Account

Official title: Ease of investments and ease of doing business measures – enhancing the ‘Facility for Basic Services Demat Account (BSDA)’

SEBI18 Dec 2025CircularHO/17/11/24(1)2025-DDHS-POD1/I/491/2025

Modification in the conditions specified for reduction in denomination of debt securities

SEBI16 Dec 2025CircularHO/17/11/18(1)2025-DDHS-POD1/I/342/2025

Periodic Disclosure Requirements for Securitised Debt Instruments

Official title: Mandating periodic disclosure requirements- Securitised Debt Instruments (SDIs)

SEBI12 Dec 2025CircularHO/47/12/11(5)2025-MRD-POD3/I/196/2025

Provisions relating to Strengthening Governance of Market Infrastructure Institutions

Official title: Provisions relating to Strengthening Governance of Market Infrastructure Institutions (MIIs)

SEBI11 Dec 2025CircularHO/42/36/12(4)2025-OIAE-IAD3

Deferment of Timeline for Implementation of Phase III of Nomination Circular

Official title: Deferment of timeline for implementation of Phase III of Nomination Circular dated January 10, 2025 read with Circular dated February 28, 2025 and July 30, 2025

SEBI10 Dec 2025CircularHO/38/30/12(1)2025-MIRSD-SEC-FATF

Relaxation on geo tagging requirement in India for NRIs while undertaking re-KYC

SEBI08 Dec 2025CircularHO/13/19/13(2)2025-ITD-1_VIAP/I/187/2025

Clarification on the Digital Accessibility circulars of SEBI

SEBI08 Dec 2025CircularHO/19/34/11(5)2025-AFD-POD1/I/188/2025

Modalities for Migration to AI Only Schemes and Relaxations to Large Value Funds

Official title: Modalities for migration to AI only schemes and relaxations to Large Value Funds for Accredited Investors under SEBI (Alternative Investment Funds) Regulations, 2012

SEBI28 Nov 2025CircularHO/24/13/12(1)2025-IMD-POD-2/I/157/2025

Reclassification of Real Estate Investment Trusts as Equity Related Instruments

Official title: Reclassification of Real Estate Investment Trusts (REITs) as equity related instruments for facilitating enhanced participation by Mutual Funds and Specialized Investment Funds (SIFs)

SEBI27 Nov 2025CircularHO/(83)2025-IMD-POD-1/I/152/2025

Additional incentives to distributors for onboarding new individual investors from B-30 cities and women investors

SEBI25 Nov 2025CircularHO/17/11/12(3)2025-DDHS-POD1/ I/145/2025

Modifications to Recovery Expense Fund Provisions for Debenture Trustees

Official title: Modifications to Chapter IV of the Master Circular for Debenture Trustees dated August 13, 2025

SEBI25 Nov 2025CircularHO/17/11/12(3)2025-DDHS-POD1/ I/146/2025

Terms and Conditions for Debenture Trustees Undertaking Non-SEBI Regulated Activities

Official title: Specification of the terms and conditions for Debenture Trustees for carrying out activities outside the purview of SEBI

SEBI25 Nov 2025CircularHO/17/11/12(3)2025-DDHS-POD1/ I/144/ 2025

Timeline for Submission of Information by Issuers to Debenture Trustees

Official title: Timeline for submission of information by the Issuer to the Debenture Trustee(s)

SEBI30 Oct 2025CircularHO/38/12/11(1)2025-MIRSD-POD/ I/73/2025

Ease of doing business – Interim arrangement for certified past performance of Investment Advisers and Research Analysts prior to operationalisation of Past Risk and Return Verification Agency

SEBI30 Oct 2025CircularHO/38/12/11(1)2025-MIRSD-POD/ I/71/2025

Ease of doing business measures - Enabling Investment Advisers to provide second opinion to clients on assets under pre-existing distribution arrangement

Official title: Ease of doing business measures - Enabling Investment Advisers (“IAs”) to provide second opinion to clients on assets under pre-existing distribution arrangement

SEBI30 Oct 2025Circular

Further extension of timeline for mandatory implementation of systems and processes by Qualified Stock Brokers (QSBs) with respect to T+0 settlement cycle

SEBI30 Oct 2025CircularHO/47/15/11(1)2025-MRD-TPD1/ I/63/2025

Implementation of Eligibility Criteria for Derivatives on Existing Non-Benchmark Indices

SEBI24 Oct 2025CircularSEBI/HO/IMD/RAC/CIR/P/2025/ 0000000138

Transfer of Portfolios of Clients by Portfolio Managers

Official title: Transfer of portfolios of clients (PMS business) by Portfolio Managers.

SEBI circulars 2025