SEBI Circular – August 12, 2025

SEBI, via Circular dated August 12, 2025, has allowed Investment Advisers (IAs) and Research Analysts (RAs) to meet their deposit requirement under Regulation 8 of the SEBI (Investment Advisers) Regulations, 2013 and SEBI (Research Analysts) Regulations, 2014 not only through a bank deposit with a scheduled bank (lien marked in favour of IAASB/RAASB) but also through units of liquid mutual funds or overnight mutual funds (also lien marked). This change, approved by the SEBI Board in June 2025 and notified via the respective Amendment Regulations on August 6–7, 2025, must be complied with by September 30, 2025, with IAASB/RAASB directed to establish systems for implementation.

Link: https://www.sebi.gov.in/web/?file=https://www.sebi.gov.in/sebi_data/attachdocs/aug-2025/1755059381537.pdf#page=1&zoom=page-width,-16,792