Regulatory Alerts2026-05-05
Added
Specification of Significant Indices and Registration Requirements under SEBI Index Provider Regulations
The document specifies that an index is a 'Significant Index' if the daily average cumulative Asset Under Management tracking it across mutual fund schemes exceeds ₹20,000 Crore for each of the past six months ending June 30 or December 31. It lists specific indices in Annexure-A based on AUM data from July 1, 2025, to December 31, 2025, and requires providers of these indices to apply for registration with SEBI within six months. Existing providers may continue activities during this period, while entities providing significant indices departmentally must form a separate legal entity within two years. The grievance redressal mechanism applies only to registered providers, and indices already designated as Significant or Authorized Benchmarks by the RBI are excluded.
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