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

SEBI issues SEBI (Intermediaries) Amendment Regulations, 2026

15-Apr-2026 | F. No. SEBI/LAD-NRO/GN/2026/300

SEBI has issued the SEBI (Intermediaries) Amendment Regulations, 2026.

Key Highlights:
1. Clause 3(b) of Schedule II has been modified, which states that the fit and proper person is subject to any of the following events as specified in the document.
2. Clause 3(b)(i)(ii) has been substituted, which states the criminal complaint or information under section 154 of the Code of Criminal Procedure, 1973, and a charge sheet has been filed against such person by any enforcement agency in matters concerning economic offences and is pending.
3. Clause 6 has been substituted, which states that if an associate or group entity of the applicant or intermediary has been declared as not a ‘fit and proper person’ by the Board, such declaration shall not have any bearing on the ‘fit and proper person’ criteria of the applicant or intermediary unless the applicant or intermediary or any other person, is also found to be subjected to the same event.

Kindly refer to the attached document for more information.

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