Securities Markets Code Bill 2025: SEBI Act Overhaul
Why in the news
The Finance Minister brought in the biggest rewrite of securities regulation in decades, to unify and simplify the law.
Key facts
- Folds three laws into one: Securities Contracts (Regulation) Act, 1956, SEBI Act, 1992, Depositories Act, 1996.
- A principle-based approach to cut compliance burden and drop outdated rules.
- SEBI Board: 9 to up to 15 members.
Notable provisions
| Provision | Detail |
|---|---|
| Functional separation | Investigation kept apart from enforcement such as show-cause notices and adjudication |
| Timelines | Deadlines for investigations and interim orders |
| Ombudsperson | Quicker settlement of investor disputes |
| Consultation | Stakeholders consulted before rule changes |
| Governance | Board members declare conflicts of interest |