This article analyses the key outcomes of SEBI’s 209th Board Meeting held on March 24, 2025. SEBI approved a series of regulatory amendments aimed at strengthening market integrity, enhancing transparency, and promoting investor confidence. These reforms are designed to modernise compliance frameworks while offering flexibility to stakeholders across various market segments. The key highlights include:
‣ Higher Threshold Limit for FPIs to Disclose Equity 'Assets under Management'
‣ Permitting IAs and RAs to Charge Advance Fees from clients for Up to One Year
‣ High-Level Committee to Review Conflict of Interest and Disclosure Norms for SEBI Members and Officials
‣ Review of Appointment Process for KMPs and Public Interest Directors in Market Infrastructure Institutions
‣ Investments by Category II AIFs in Listed Debt Securities Rated 'A' or Below to be Treated as Unlisted Securities
‣ Deferment of Regulatory Amendments for Merchant Bankers, Debenture Trustees and Custodians
