Stock brokers must display SEBI’s investor awareness messages on websites from 5 October and on trading apps from 1 November 2026
Under Project Jagrook, SEBI has directed all stock brokers to prominently display the investor awareness messages it shares. Websites must carry them from 5 October 2026 and on the landing page from 1 November 2026. On trading apps the display is voluntary till 31 October and mandatory from 1 November 2026, on alternate days with the Risk disclosures.
Key facts
- In force
- 5 October 2026 (websites); 1 November 2026 (landing page and trading apps)
- Who it affects
- Stock brokers, recognised stock exchanges, depositories, investors using broker websites and trading apps
- What it is
- Action needed
- Section
- SEBI
- Published
- 1 October 2026
In 30 seconds
- SEBI circular HO/38/24/(15)2026-MIRSD-PODMMC/I/22872/2026 is dated 1 October 2026 and addressed to stock exchanges, depositories and stock brokers.
- It continues the circular of 19 May 2023, which mandated display of ‘Risk disclosures’ to all clients.
- Websites: 5 to 31 October 2026 — display the investor awareness messages and the Risk disclosures; from 1 November 2026 — the messages on the landing page.
- Trading apps: 5 to 31 October 2026 — voluntary; from 1 November 2026 — mandatory, on the landing page, alternating daily with the Risk disclosures.
- Stock exchanges and depositories must display the messages on their own websites as they are, and amend their bye-laws, rules and regulations.
- SEBI may modify the messages from time to time.
हिंदी में सार
SEBI ने 1 अक्टूबर 2026 के सर्कुलर से Project Jagrook के तहत सभी स्टॉक ब्रोकरों को SEBI द्वारा साझा किए गए निवेशक जागरूकता संदेश प्रमुखता से दिखाने को कहा है। वेबसाइट पर ये संदेश 5 अक्टूबर 2026 से और 1 नवंबर 2026 से लैंडिंग पेज पर दिखाने होंगे। ट्रेडिंग ऐप पर 31 अक्टूबर तक यह स्वैच्छिक है; 1 नवंबर 2026 से ऐप के लैंडिंग पेज पर ये संदेश और Risk disclosures एक-एक दिन छोड़कर दिखाना अनिवार्य है।
What SEBI has directed
By circular HO/38/24/(15)2026-MIRSD-PODMMC/I/22872/2026 dated 1 October 2026, the Securities and Exchange Board of India has introduced the display of investor-centric messages by stock brokers. SEBI describes this as part of Project Jagrook, its nationwide investor awareness initiative, and of the upcoming World Investor Week 2026, for the benefit, safety and education of investors.
All stock brokers are required to prominently display the “investor awareness message(s)” as shared by SEBI on their websites and trading apps, in the manner the circular prescribes.
The circular is in continuation of SEBI’s circular SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2023/73 dated 19 May 2023, which mandated all stock brokers to display ‘Risk disclosures’ (Annexure-I of that circular) to all their clients.
The schedule
| Where | 5 October to 31 October 2026 | From 1 November 2026 |
|---|---|---|
| Broker’s website | Display the investor awareness message(s) shared by SEBI and the Risk disclosures | Display the specified investor awareness message(s) on the landing page of the website |
| Broker’s trading app, if any | Display of the messages is voluntary. On any day the broker chooses to display them, display of the Risk disclosures is optional | Mandatory: the investor awareness message(s) and the Risk disclosures on alternate days. The messages are to be on the landing page of the app |
The messages shared by SEBI may be modified from time to time.
What exchanges and depositories must do
- Bring the circular to the notice of their members / participants, as applicable, and disseminate it on their websites.
- Display the investor awareness message(s) shared by SEBI, as it is, on their own websites.
- Make the necessary amendments to the relevant bye-laws, rules and regulations to implement the circular.
What stays the same
All other provisions of the circular of 19 May 2023 remain unchanged. The new circular is issued under section 11(1) of the Securities and Exchange Board of India Act, 1992, to protect the interests of investors in securities and to promote the development of, and to regulate, the securities market.
What stock brokers should do
- By 5 October 2026: put the SEBI-shared investor awareness message(s) on the website, alongside the Risk disclosures.
- During October: decide whether to show the messages on the trading app. It is voluntary for this period.
- By 1 November 2026: move the messages to the landing page of the website, and set the trading app’s landing page to show the messages and the Risk disclosures on alternate days.
- Keep the display current, since SEBI may change the messages from time to time.
Questions and answers
From when must stock brokers display SEBI’s investor awareness messages?
On their websites from 5 October 2026. From 1 November 2026 the messages must be on the landing page of the website, and display on trading apps becomes mandatory.
Is display on the trading app compulsory in October 2026?
No. From 5 October to 31 October 2026 brokers may display the messages on their trading apps on a voluntary basis. On a day the broker chooses to display them, display of the Risk disclosures is optional.
What is required on trading apps from 1 November 2026?
Brokers must display the investor awareness message(s) and the Risk disclosures on alternate days. The messages should be on the landing page of the trading app.
Do the Risk disclosures under the 2023 circular go away?
No. The circular says all other provisions of SEBI’s circular dated 19 May 2023 remain unchanged.
What is Project Jagrook?
The circular describes it as SEBI’s nationwide investor awareness initiative.
Published 1 October 2026. Updated 5 October 2026. This report is for general information and is not professional advice. Read the source document before acting on it.