INDIA: SEBI Issues Circular on Extension of Timeline for Formulation of Implementation Standards

Monday April 14 2025

On 1^st April 2025, the Securities and Exchange Board of India (SEBI) published a circular on extension of timeline for formulation of implementation standards pertaining to SEBI Circular on “Safer participation of retail investors in Algorithmic trading”.

SEBI had issued a circular on “Safer participation of retail investors in Algorithmic trading” on February 04, 2025. In this regard, the implementation standards were to be issued by the Broker’s Industry Standards Forum (ISF), under the aegis of the Stock Exchanges and in consultation with SEBI by April 01, 2025.

are presentation from the Stock Exchanges requesting for an extension of timeline to finalise the implementation standards, ascertain issues require further deliberation with the Brokers’ ISF. Accordingly, in order to ensure smooth implementation of the framework, without any disruption to the market players and investors, it has been decided that:

• The implementation standards shall come into effect from May 01, 2025.
• The provisions of the circular shall be applicable with effect fromAugust01, 2025.

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