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Latest from the Regulator - August 2025
1. SEBI Mandates Digital Accessibility for All Regulated Entities
On July 31, 2025, SEBI issued a landmark circular directing all regulated entities, such as stock exchanges, depositories, mutual funds, brokers, KYC agencies, portfolio managers, and more, to ensure their websites, mobile apps, and digital documents comply with accessibility standards under the Rights of Persons with Disabilities (RPwD) Act, 2016.
Entities must adhere to international and Indian standards, including WCAG 2.1, GIGW 3.0, and IS 17802.
Deadlines to meet from the date of issuance of the circular:
• within 1 month - submit digital platform details and preliminary compliance
• within 45 days - appoint IAAP-certified accessibility professionals as Auditors
• within 3 months - conduct of Accessibility Audit for the digital platforms
• within 6 months - remediation of findings from the audit and ensuring compliance
• Annual accessibility reporting is also mandated henceforth.
This circular enshrines digital inclusion as essential in India's financial ecosystem.
To view the complete SEBI circular, visit:
2. SEBI clarifies on cybersecurity and cyber resilience framework
Market regulator, SEBI clarified that the Cybersecurity and Cyber Resilience Framework (CSCRF) applies only to systems used exclusively for its regulated activities. Technical clarifications are being issued in the following parts:
Part A: Principles for SEBI REs under multiple regulators' purview on:
a. Principles of exclusivity
b. Principles of equivalence
Part B: Technical Clarifications on:
a. Critical systems definition
b. Zero-trust security model
c. Mobile application security guidelines, and more
Part C: Re-categorisation of Portfolio Managers and Merchant Bankers (MBs)
Part D: Cyber Security Audit
Effective Date - August 20, 2025
To view the complete SEBI circular, visit:
3. MCA tightens supplier finance disclosures from FY26; CFOs to face higher investor scrutiny
Amendment Notified: August 13, 2025
The MCA, in consultation with the National Financial Reporting Authority (NFRA), has amended IND AS 7 (Statement of Cash Flows) via the Companies (Indian Accounting Standards) Second Amendment Rules, 2025, to require companies to separately disclose supplier finance or supply chain finance/reverse factoring, instead of classifying it as trade payables.
Role of CFOs:
• To distinguish between genuine payables and financing liabilities, offering investors a clearer view of liquidity, leverage, and working-capital health.
• Must now provide detailed breakdowns of payment terms, amounts, non-cash changes, and due dates, and may face tougher board and rating-agency questioning.
To view the complete MCA Notification, visit:
4. Review of Framework for conversion of Private Listed InvIT into Public InvIT
Applicability: Immediate (August 8, 2025)
SEBI issued a circular (SEBI/HO/DDHS/DDHS-PoD-2/P/CIR/2025/114) with the following key update:
• Aligning minimum unitholding and lock-in requirements for sponsors and their groups with applicable InvIT Regulations [Regulations 12(3), 12(3A), and 12(5)]
• Aligning the procedure and disclosure requirements for public offer of units to convert a private listed InvIT into a public InvIT with the procedure and disclosure requirements applicable for follow-on offer.
For complete SEBI circular, visit:
Additional reading:
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