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Corporate Laws Central Ministry of Finance Securities and Exchange Board of India Act, 1992

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

15-Jul-2025 | F. No. SEBI/LAD-NRO/GN/2025/251

SEBI has issued the Securities and Exchange Board of India (Certification of Associated Persons in the Securities Markets) (Amendment) Regulations, 2025, in reference to the Securities and Exchange Board of India (Certification of Associated Persons in the Securities Markets) Regulations, 2007, effective from 14 July 2025. By virtue of this notification, the following amendments have been made: 1. The Board will specify the category of associated persons required to obtain the requisite certificate for engagement or employment with such classes of intermediaries, which was earlier allowed only by notification in the Official Gazette (Regulation 3(1)). 2. Omission of the requirement to obtain the certificate within one year from the date of employment or engagement by the intermediary under Regulation 3(2). 3. From now on, the requirement of 10 years of experience in the securities market for an associated person will be calculated from the date specified by the Board, which was earlier determined based on the date mentioned in the notification issued under Regulation 3(1). 4. Substitution of Regulation 6, wherein now, the associated person shall not continue to be so engaged unless they hold a valid certificate as specified by the Board under Regulation 3(1). Kindly refer to the attached documents for more information.

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