SEBI Circulars
The Securities and Exchange Board of India (SEBI) regularly issues circulars to provide guidance, clarify regulations, introduce compliance requirements, and update stakeholders on changes in market practices and regulatory frameworks. SEBI circulars are an essential part of India’s securities market governance, helping ensure transparency, investor protection, and orderly market functioning.
A circular is a regulatory communication that provides instructions and detailed procedural guidance to entities regulated by SEBI — including intermediaries, market infrastructure institutions, listed companies, and investment advisers. These communications often clarify the implementation of existing regulations or introduce new operational requirements to strengthen market integrity and investor confidence.
Cybersecurity and Risk Management
SEBI has issued circulars requiring regulated entities to strengthen their cybersecurity posture, adopt cyber-resilience frameworks, and put in place regular audits and compliance reporting to protect market infrastructure and investors.
Digital and Social Media Advertising Regulation
To curb misleading financial promotions, SEBI has mandated that registered intermediaries undertake advertiser verification and comply with specific due-diligence standards when placing advertisements on social media platforms.
Master Circulars for Compliance Consolidation
SEBI periodically issues Master Circulars that consolidate all relevant regulations and previous circulars in specific areas such as:
- Surveillance of the securities market
- Listing Obligations and Disclosure Requirements (LODR) compliance
- Guidelines for Research Analysts
- Standards for Investment Advisers
Compliance Timelines and Reporting Standards
SEBI circulars often set timelines and formats for compliance, reporting, and disclosures for regulated firms, advisors, and listed entities to uphold transparency and accountability.
SEBI Complaint Redress System (SCORES)
SEBI provides a centralized online grievance redressal platform called SCORES (SEBI Complaints Redress System) for investors to lodge and track complaints related to securities market participants, including intermediaries.