Securities and Exchange Board of India (Certification of Associated Persons in the Securities Markets) (Amendment) Regulations, 2025

4704 GI/2025 (1) REGD. No. D. L.-33004/99 xxxGIDHxxx xxxGIDExxx EXTRAORDINARY PART III—Section 4 PUBLISHED BY AUTHORITY SECURITIES AND EXCHANGE BOARD OF INDIA MUMBAI, 14TH JULY, 2025 ASHADHA 23, 1947

SECURITIES AND EXCHANGE BOARD OF INDIA (CERTIFICATION OF ASSOCIATED PERSONS IN THE SECURITIES MARKETS) (AMENDMENT) REGULATIONS, 2025

F. No. SEBI/LAD-NRO/GN/2025/251.—In exercise of the powers conferred by section 30 read with sections 11, 12 and 19 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board hereby makes the following regulations to further amend the Securities and Exchange Board of India (Certification of Associated Persons in the Securities Markets) Regulations, 2007, namely, -

1. These regulations may be called the Securities and Exchange Board of India (Certification of Associated Persons in the Securities Markets) (Amendment) Regulations, 2025.

2. They shall come into force on the date of their publication in the Official Gazette.

3. In the Securities and Exchange Board of India (Certification of Associated Persons in the Securities Markets) Regulations, 2007, -

No. 510] NEW DELHI, MONDAY, JULY 14, 2025/ASHADHA 23, 1947 CG-MH-E-15072025-264685

2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4]

I. in regulation 3, - a. sub-regulation (1) along with the proviso thereto shall be substituted with the following, namely,-

“(1) The Board may specify such categories of associated persons to obtain the requisite certificate for engagement or employment with such classes of intermediaries, and within such time as may be specified by the Board: Provided that any notification previously issued by the Board under this sub-regulation prior to the coming into force of the Securities and Exchange Board of India (Certification of Associated Persons in the Securities Markets) (Amendment) Regulations, 2025 shall continue to remain in force till such time the notification is rescinded.”;

b. sub-regulation (2) shall be omitted;

c. in sub-regulation (4), the words, symbols and numbers “purpose of issuing notification under sub regulations (1) and (2) shall” shall be substituted with the words, symbols and number, namely, “purposes of sub-regulation (1) may”.

II. in regulation 4, in sub-regulation (3), the words “specified in the notification issued” shall be substituted with the words “as may be specified by the Board”.

III. regulation 6 shall be substituted with the following, namely, -

“6. No associated person engaged in any of the activities mentioned in clauses (a) to (f) of sub-regulation (4) of regulation 3 shall continue to be so engaged unless such a person holds a valid certificate as specified by the Board under sub regulation (1) of regulation 3.”.

BABITHA RAYUDU, Executive Director [ADVT.-III/4/Exty./243/2025-26]

Footnotes:

1. The Securities and Exchange Board of India (Certification of Associated Persons in the Securities Markets) Regulations, 2007 was published in the Gazette of India on October 17, 2007 vide F. No. 11/LC/GN/2007/4567.
2. The Securities and Exchange Board of India (Certification of Associated Persons in the Securities Markets) Regulations, 2007 was subsequently amended on – (a) January 7, 2014 by the Securities and Exchange Board of India (Foreign Portfolio Investors) Regulations, 2014 vide No. LAD-NRO/GN/2013-14/36/12.

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