SEBI has specified revised application forms and certificate formats for stock brokers and clearing members under the 2026 Regulations. The new framework replaces the earlier 1992 forms and applies retrospectively from January 7, 2026.
IFSCA has launched a unified “Master Key” registration allowing IFSC entities to undertake multiple capital market activities through a single application. Separate fees remain payable for each approved activity.
IRDAI Circular dated 12 February 2026 clarifies insurers’ investments in AIFs with Excusal Rights under Section 27E of the Insurance Act, 1938. The circular introduces compliance conditions, documentation requirements, auditor certifications, and revised single AIF exposure limits covering direct and indirect exposure through Fund of Funds.
The Commerce Ministry revised SEZ-Online user charges after migration of transactions to ICEGATE reduced operational viability. New rates for transactions, AMC, and registrations apply from January 1, 2026.
IFSCA has prescribed a standard Net Worth Certificate format and detailed audit checklist for Global Access Providers. GAPs must submit certified net worth statements annually and undergo mandatory peer-reviewed audits to ensure regulatory compliance.
IRDAI has issued key clarifications allowing insurers to invest in AIFs using SEBI-compliant Excusal Rights, provided funds are not deployed overseas. The circular introduces strict documentation, audit, and certification safeguards under Section 27E.
SEBI has introduced a revised capacity planning and real-time monitoring framework for the commodity derivatives segment. The circular reduces the earlier four-times peak load requirement to a 2x projected peak load standard and mandates action when utilization crosses 75%. Exchanges must submit approved capacity policies within three months.
IRDAI has issued updated guidelines for establishing and closing liaison offices in India by overseas insurers. The framework sets eligibility, reporting, and strict operational conditions.
SEBI mandated strict segregation and disclosures when CRAs rate instruments under other regulators. The move prevents investor confusion and clarifies that SEBI protection mechanisms will not apply.
The issue was complexity due to separate VRR limits. The takeaway is simplified compliance by merging VRR investments with General Route limits.
