SEBI has placed this Consultation Paper with the objective to seek comments or suggestions from the public to modify the circular on ‘Revise and revamp Nomination Facilities in the Indian Securities Market’ (“Circular”) dated January 10, 2025, in order to enhance the ease of investor on-boarding and ease the nomination process by aligning with the banking norms on nomination. SEBI issued the circular on January 10, 2025 for demat accounts and MF folios, w.e.f. March 01, 2025.
To address certain operational challenges, the implementation of certain provisions of the circular were deferred vide circular dated December 11, 2025. Pursuant to deliberations with the industry and stakeholders, it has been decided to modify the norms for nomination in demat accounts and mutual fund folios in order to enhance the ease of investor on-boarding and ease of nomination.
The draft circular on Modified Norms for Nomination in Demat Accounts and Mutual Fund Folios after incorporating the changes is placed alongside this Consultation Paper for public comments. The comments or suggestions on proposal may be submitted by April 7, 2026
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