Regulatory Alerts2026-04-16
Added · Updated
Securities and Exchange Board of India (Intermediaries) Regulations, 2008
The Securities and Exchange Board of India (Intermediaries) Regulations, 2008, as amended up to April 16, 2026, outlines the registration process and general obligations for intermediaries in the Indian securities market. A recent amendment, effective April 16, 2026, clarifies that "days" refers to calendar days unless otherwise specified within these regulations. Additionally, a new Chapter IIIA, introduced by a 2024 amendment, prohibits SEBI-regulated persons and their agents from directly or indirectly associating with unregistered entities that offer investment advice or make claims of returns related to securities, except through specified digital platforms. This restriction applies to various entities, including asset management companies and investment managers, and broadly defines "association" to encompass financial transactions, client referrals, and IT system interactions.