Extension of timeline for formulation of implementation standards pertaining to SEBI Circular on Safer participation of retail investors in Algorithmic trading
Summary
SEBI extends the timeline for the Broker’s Industry Standards Forum to finalize implementation standards for algorithmic trading by retail investors. The implementation standards are now effective from May 01, 2025, while the circular's provisions apply from August 01, 2025. Stock Exchanges are directed to implement necessary systems, amend bye-laws, and disseminate these provisions to their brokers.
Text
it has been decided that: a) The implementation standards shall come into effect from May 01, 2025. b) The provisions of the circular shall be applicable with effect from August 01, 2025.
Exchanges, are hereby, directed to: a) take necessary steps and put in place necessary systems and procedures for implementation of the above. b) make necessary amendments to the relevant bye-laws, rules and regulations for the implementation of the above provisions. c) bring the provisions of this circular to the notice of their brokers and disseminate the same on their website.
This circular is issued in exercise of powers conferred under Section 11(1) of Chapter IV of the Securities and Exchange Board of India Act, 1992, read with Section 30 of the Securities and Exchange Board of India (Stock Brokers) Regulations, 1992 to protect the interests of investors in securities, to promote the development of and to regulate the securities market.
Source: SecMarx — Extension of timeline for formulation of implementation standards pertaining to SEBI Circular on Safer participation of retail investors in Algorithmic trading. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.