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SEBI Notifies the Informal Guidance Scheme, 2025 – A Refined Framework for Regulatory Clarity January 2, 2026
Published in: Alerts
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In a significant step towards enhancing interpretive certainty under India’s securities law framework, the Securities and Exchange Board of India has notified the SEBI (Informal Guidance) Scheme, 2025, effective 01 December 2025, replacing the erstwhile 2003 framework.
The revised scheme introduces a more structured, centralised and time-bound process for seeking regulatory clarification, expands eligibility to include pooled investment vehicles and market infrastructure institutions, revises application fees, and formalises grounds for refusal and confidentiality norms. While informal guidance remains non-binding and fact-specific, the enhanced framework is expected to facilitate more effective pre-enforcement compliance and regulatory planning.
The 2025 Scheme assumes particular relevance for listed companies, regulated intermediaries, alternative investment funds and market infrastructure institutions navigating complex transactions and evolving market practices.
For any clarification, please write to [email protected]
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