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SEBI Master Circular for Stock Exchanges to Be Revamped

2 December 20251 min read
BANKING & FINANCESEBI MasterCircular for StockExchanges to BeRevamped2 December 2025safalsetu.com

Why in the news

SEBI is rewriting the master circular for exchanges so that rules are clearer and lighter.

Key facts

  • Merger: one circular replaces separate equity and commodity-derivatives ones.
  • Clearing corporations: their own master circular; rationalisation chapter by chapter.
  • Cleanup: exchange-code requirements and other obsolete norms dropped.
  • Investor protection: a single fund per exchange replaces segment-wise funds.
  • Consultation: comments closed 29 October 2025.

Broader agenda

  • Part of SEBI’s optimum regulation push.
  • Recent reviews: mutual funds, stockbrokers, LODR and settlement rules.

Exam angle

  • Look-back period for broker-default claims: three years.
  • Theme: optimum regulation.

Test yourself

1. SEBI's proposed revamp of the stock exchange master circular proposes a lookback period of how long for claims against defaulting brokers?

A three-year lookback period was proposed.

2. Under SEBI's proposed revamp, which entities are to receive a distinct master circular?

A separate master circular is planned for clearing corporations.

3. SEBI's push for leaner rules that still safeguard investors is described as which approach?

The revamp is part of SEBI's optimum regulation push.

This topic is part of Daily Current Affairs 2 December 2025 (14 topics).

All topics of the dayDay quizDecember 2025

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