he period from April to September, 2025 saw SEBI and IFSCA introduce key regulatory amendments to strengthen transparency, compliance, and investor protection. In the AIF and FPI space, extensions were granted for certification and compliance timelines to enable smoother regulatory alignment, while mutual fund reforms enhanced transparency through standardised formats, revised NAV cut-offs, and defined rebalancing timelines. REIT and InvIT regulations were bolstered with eased compliance, stricter disclosures, and the launch of an Investor Charter to deepen trust. Investor-facing initiatives such as charters for Investment Advisers and Research Analysts, digital KYC accessibility, stronger cybersecurity norms, and standardised UPI verification furthered governance standards. At the international level, IFSCA adopted a phased approach for GIFT-IFSC, easing broker operations, facilitating FME transitions, and enabling structured co-investment, collectively signalling a shift towards a more resilient and inclusive market framework.
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