SEBI had issued a circular on ‘Revise and Revamp Nomination Facilities in the Indian Securities Market’ dated January 10, 2025, for demat accounts and mutual fund folios, with effect from March 01, 2025, in order to enhance the ease of investor on-boarding and the nomination process with the objective of preventing the generation of unclaimed assets. SEBI had received representations from stakeholders raising certain operational challenges in implementation of the aforesaid circular. Accordingly, after considering these representations and the feedback in the public consultation, SEBI has modified the norms for nomination in demat accounts and mutual fund folios to enhance the ease of investor on-boarding and ease the nomination process.
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