2025-12-11

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Deferment of Timeline for Implementation of Phase III of Nomination Circular

The implementation timeline for Phase III of the Nomination Circular is deferred from December 15, 2025, to a further date to be notified separately. This decision follows representations from stakeholders regarding operational difficulties and the need for additional time to complete system developments and process changes. All other provisions in the circulars dated January 10, 2025, February 28, 2025, and July 30, 2025, remain unchanged and continue to apply.

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