SEBI circular SEBI/HO/MIRSD/MIRSD-PoD/P/CIR/2025/108 · 29 Jul 2025
Official title
Extension of timeline for implementation of SEBI Circular SEBI/HO/MIRSD/MIRSD-PoD/P/CIR/2025/0000013 dated February 04, 2025
Summary
Check the official recordThe Securities and Exchange Board of India has extended the implementation timeline for the circular regarding the safer participation of retail investors in algorithmic trading, originally dated February 04, 2025. Following representations from stock brokers and ISF participants, the effective date has been moved from August 01, 2025, to October 01, 2025, to ensure smooth implementation and prevent market disruption. Recognized stock exchanges are directed to notify their members and participants, disseminate the circular on their websites, establish necessary systems and procedures for compliance, and amend their relevant bye-laws, rules, and regulations to align with this revised timeline.
What you must do
Key dates
Who is affected
CIRCULAR
SEBI/HO/MIRSD/MIRSD-PoD/P/CIR/2025/108 July 29, 2025
To, All recognized Stock Exchanges Stock Brokers through recognized Stock Exchanges
Madam / Sir,
Sub: Extension of timeline for implementation of SEBI Circular SEBI/HO/MIRSD/MIRSD-PoD/P/CIR/2025/0000013 dated February 04, 2025
SEBI issued circular on “Safer participation of retail investors in Algorithmic trading” on February 04, 2025. The provisions of the circular were to come in to effect from August 01, 2025.
SEBI has received various representations from stock brokers and ISF participants requesting for an extension of timeline for implementation of provisions of the circular. Based on the same, it has been decided that the circular shall come into effect from October 01, 2025, in order to ensure smooth implementation without any disruption to the markets players and investors.
Stock Exchanges, are hereby, directed to: 3.1. bring the provisions of this circular to the notice of their members / participants and also disseminate the same on their websites; 3.2. put in place appropriate systems and procedures to ensure compliance of the provisions of this circular; 3.3. make necessary amendments to the relevant Bye-laws, Rules and Regulations for the implementation of the above decision;
This circular is issued in exercise of powers conferred under Section 11(1) of Chapter IV of the Securities and Exchange Board of India Act, 1992, read with Section 30 of the Securities and Exchange Board of India (Stock Brokers) Regulations, 1992 to protect the interests of investors in securities, to promote the development of, and to regulate the securities markets.
This circular is available on SEBI website at www.sebi.gov.in under the category: ‘Legal → Circulars’.
Yours faithfully,
Aradhana Verma General Manager Tel. No: 022 26449633 aradhanad@sebi.gov.in
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