The Securities and Exchange Board of India has extended by six months the timeline for registered debenture trustees to comply with requirements governing activities carried out outside SEBI’s regulatory purview, setting a new implementation date of 27 October 2026. The extension relates to Regulation 9C introduced through amendments to the SEBI (Debenture Trustees) Regulations, 1993 notified on 27 October 2025, which requires a registered debenture trustee to transfer non-SEBI-regulated activities to separate business unit(s) within six months of notification or within an extended period specified by SEBI. The operational framework and related terms and conditions were prescribed in a circular dated 25 November 2025; the additional time was granted following industry representations citing operational challenges in establishing the necessary systems and processes. All other provisions of the 25 November 2025 circular remain unchanged.

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