The Securities and Exchange Board of India (SEBI) on December 03, 2025, issued the Securities and Exchange Board of India (Intermediaries) (Third Amendment) Regulations, 2025, to further amend the Securities and Exchange Board of India (Intermediaries) Regulations, 2008.
The following has been amended namely: -
• In regulation 30A, in sub-regulation (1), after the existing clause (d), the following clause shall be inserted, namely: -
“(da) a person which fails to –
(i) meet the specified criteria of minimum net worth or the minimum liquid net worth requirements;
(ii) meet the criteria for minimum revenue generation from permitted activities, subject to exemptions as may be specified by the Board from time to time;
(iii) transfer activities, as may be specified by the Board, to a separate business unit”
This shall come into force within 30 days from December 03, 2025.
[Notification No. SEBI/LAD-NRO/GN/2025/285]
