SEBI circulars

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)

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

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

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

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)

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”)

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

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

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

Transfer of Portfolios of Clients by Portfolio Managers

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

Relaxation in Timeline for Disclosure of Allocation Methodology by Angel Funds