Full Text
REGD. No. D. L.-33004/99
The Gazette of India
CG-MH-E-15072025-264685
EXTRAORDINARY
PART III—Section 4
PUBLISHED BY AUTHORITY
NEW DELHI, MONDAY, JULY 14, 2025/ASHADHA 23, 1947
No. 510]
4704 GI/2025
(1)
SECURITIES AND EXCHANGE BOARD OF INDIA
NOTIFICATION
Mumbai, the 14th July, 2025
SECURITIES AND EXCHANGE BOARD OF INDIA (CERTIFICATION OF ASSOCIATED PERSONS IN
THE SECURITIES MARKETS) (AMENDMENT) REGULATIONS, 2025
F. No. SEBI/LAD-NRO/GN/2025/251.—In exercise of the powers conferred by section 30 read with
sections 11, 12 and 19 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board hereby makes
the following regulations to further amend the Securities and Exchange Board of India (Certification of Associated
Persons in the Securities Markets) Regulations, 2007, namely, -
1. These regulations may be called the Securities and Exchange Board of India (Certification of Associated
Persons in the Securities Markets) (Amendment) Regulations, 2025.
2. They shall come into force on the date of their publication in the Official Gazette.
3. In the Securities and Exchange Board of India (Certification of Associated Persons in the Securities Markets)
Regulations, 2007, -
I. in regulation 3, -
a. sub-regulation (1) along with the proviso thereto shall be substituted with the following, namely,-
"(1) The Board may specify such categories of associated persons to obtain the requisite
certificate for engagement or employment with such classes of intermediaries, and within such
time as may be specified by the Board:
Provided that any notification previously issued by the Board under this sub-regulation prior
to the coming into force of the Securities and Exchange Board of India (Certification of
Associated Persons in the Securities Markets) (Amendment) Regulations, 2025 shall continue to
remain in force till such time the notification is rescinded.";
b. sub-regulation (2) shall be omitted;
c. in sub-regulation (4), the words, symbols and numbers “purpose of issuing notification under sub
regulations (1) and (2) shall” shall be substituted with the words, symbols and number, namely,
"purposes of sub-regulation (1) may”.
II. in regulation 4, in sub-regulation (3), the words "specified in the notification issued" shall be
substituted with the words "as may be specified by the Board".
III. regulation 6 shall be substituted with the following, namely, -
"6. No associated person engaged in any of the activities mentioned in clauses (a) to (f) of sub-
regulation (4) of regulation 3 shall continue to be so engaged unless such a person holds a valid
certificate as specified by the Board under sub regulation (1) of regulation 3.".
BABITHA RAYUDU, Executive Director
[ADVT.-III/4/Exty./243/2025-26]
Footnotes:
1. The Securities and Exchange Board of India (Certification of Associated Persons in the Securities Markets)
Regulations, 2007 was published in the Gazette of India on October 17, 2007 vide F. No. 11/LC/GN/
2007/4567.
2. The Securities and Exchange Board of India (Certification of Associated Persons in the Securities Markets)
Regulations, 2007 was subsequently amended on
(a) January 7, 2014 by the Securities and Exchange Board of India (Foreign Portfolio Investors) Regulations,
2014 vide No. LAD-NRO/GN/2013-14/36/12.
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054. SARVESH KUMAR AVASTI SARVESH
SRIVASTAVA
KUMAR
Date: 2025.07.15 21:22:13 +0530