Extension of timeline for implementation of Phase II & III of Nomination Circular dated January 10, 2025 read with Circular dated February 28, 2025
Dear Colleagues,
SEBI, via circular dated July 30, 2025, has extended the timelines for implementing Phase II and Phase III of its earlier circulars on revamping nomination facilities in the Indian securities market (dated January 10 and February 28, 2025). Due to operational challenges highlighted by depositories, depository participants, and industry associations, Phase II implementation is deferred to August 8, 2025, and Phase III to December 15, 2025. All other provisions of the earlier circulars remain unchanged.
