CIRCULAR
SEBI/HO/ITD-1/ITD_VIAP/P/CIR/2025/121
August 29, 2025
To,
All Recognised Stock Exchanges
All Recognised Clearing Corporations
All Registered Depositories
All Registered Intermediaries
Association of Mutual Funds in India (AMFI)
Association of Portfolio Managers in India (APMI)
BSE Limited (Investment Adviser Administration and supervisory body-IAASB)
BSE Limited (Research Analysts Administration and supervisory body-RAASB)
Sir/Madam,
Subject: Extension of timelines and Update of reporting authority for IAs and RAs w.r.t. SEBI Circular for Compliance to Digital Accessibility Circular ‘Rights of Persons with Disabilities Act, 2016 and rules made thereunder- mandatory compliance by all Regulated Entities’ dated July 31, 2025 (Circular No. SEBI/HO/ITD-1/ITD VIAP/P/CIR/2025/111)
1. SEBI issued circular on ‘Rights of Persons with Disabilities Act, 2016 and rules made thereunder-mandatory compliance by all Regulated Entities’ on July 31,2025.
2. SEBI has received representations from Regulated Entities (REs) requesting an extension of timeline to submit their compliance against the provisions of the circular.
3. Based on the representations received, the following extensions are granted:
| Table 1: Compliance Requirements and Extension of Timelines | ||||
S/N | Compliance required | Timeline | Current Date | Extension Granted | New Date |
1 | REs shall submit a compliance/ action taken report pertaining to the clauses of this circular | Within 30 days | Aug 30, 2025 | 1 month | Sept 30, 2025 |
2 | REs shall submit a list of digital platforms provided by them for the investors | Within 30 days | Aug 30, 2025 | 1 month | Sept 30, 2025 |
3 | Appointment of IAAP certified accessibility professionals as Auditor. | Within 45 days | Sept 14, 2025 | 3 months | Dec 14, 2025 |
4 | Conduct of Accessibility Audit for the digital platforms. | Within 3 months | Oct 31, 2025 | 6 months | April 30, 2026 |
5 | Remediation of findings from the audit and ensuring compliance with this circular. | Within 6 months | Jan 31, 2025 | 6 months | July 31, 2026 |
6 | Annually give compliance to conducting annual accessibility audits of all the digital platforms and submit final report of such audit to SEBI | Within 30 days of each Financial Year | April 30, 2026 | To next Financial year | April 30, 2027 |
4. The reporting authority for lAs and RAs shall be modified from BASL and SEBI respectively to BSE Ltd. for both IAs and RAs. The updated reporting authorities for the compliance with Digital Accessibility circular shall be as follows:
Table 2: Compliance Reporting Authorities
|
| |
S/N | Regulated Entity | Reporting Authority |
1 | Stock Brokers/ Depository Participants | Stock Exchanges / Depositories |
2 | Investment Advisor (“IAs”) and Research Analysts (“RAs”) | BSE Ltd. |
3 | MIIs and rest of the REs | SEBI |
4. This circular is being issued in exercise of powers conferred under Section 11 (1) of the Securities and Exchange of India Act, 1992, to protect the interests of investors in securities and to promote the development of, and to regulate the securities market.
5. This circular is issued with the approval of Competent Authority.
6. This circular is available on SEBI website at sebi.gov.in under the category “Legal” and drop “Circulars”.
Yours faithfully,
Deepankar Chatterjee Deputy
General Manager
Phone: 022-26449643
Email: [email protected]
