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October 2026
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FEMA & RBIRBI issues Master Circular on credit facilities to Scheduled Castes and Scheduled Tribes: what banks must do
Master Circular, 1 Oct 2026RBI has issued its Master Circular consolidating instructions to banks on credit facilities to Scheduled Castes and Scheduled Tribes. It covers credit planning, help with applications, no insistence on deposits, rejection of loan applications only at the next higher level, the 40 per cent share under the DRI scheme, the credit guarantee scheme for SC entrepreneurs, and monitoring through a special cell at Head Office.
September 2026
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SEBISEBI issues a fresh Master Circular for Debenture Trustees on 28 September 2026; the August 2025 Master Circular is rescinded
DT Master Circular, 28 Sep 2026New facilitySEBI has issued a new Master Circular for Debenture Trustees dated 28 September 2026, compiling the circulars in force on that date in 17 chapters. The Master Circular of 13 August 2025 stands rescinded, with actions taken under it saved. Annexure 1 lists five superseded circulars, including those on issuer reporting timelines, the Recovery Expenses Fund and activities outside SEBI’s purview.
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FEMA & RBIIFSC distributors: IFSCA adds UAE, Singapore, Australia and the European Union as specified jurisdictions; “jurisdiction” means where the product is domiciled
4 jurisdictions addedClarifiedIFSCA has amended its Master Circular for Distributors in the IFSC. UAE, Singapore, Australia and the European Union are specified as jurisdictions for regulation 32(1)(a) and (c) of the Capital Market Intermediaries Regulations, 2025, provided they are not FATF-listed or notified as high risk. “Jurisdiction” refers to the domicile of the product, not the location of its manager.
August 2026
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SEBIKYC Registration Agencies may share information with IFSCA-regulated entities: SEBI specifies IFSCA under regulation 16A of the KRA Regulations
KRA access for IFSCA entitiesNew facilitySEBI has specified the International Financial Services Centres Authority (IFSCA) under regulation 16A(1) of the KRA Regulations, 2011. Entities regulated by IFSCA may now access the systems of SEBI-registered KYC Registration Agencies to do KYC of their clients. They must follow the KRA Regulations, SEBI’s KYC Master Circular and, for FPI clients, the data security guidelines in the FPI Master Circular.
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