Description

SEBI mandates all regulated entities to ensure digital platform compliance with Rights of Persons with Disabilities Act, 2016 with specific implementation milestones and reporting requirements.

Summary

SEBI has issued mandatory compliance requirements for all regulated entities to ensure their digital platforms are accessible to persons with disabilities in accordance with the Rights of Persons with Disabilities Act, 2016. The circular establishes specific implementation milestones over 6 months and requires annual compliance reporting.

Key Points

  • All digital platforms of SEBI regulated entities must comply with Rights of Persons with Disabilities Act, 2016
  • Compliance specifically required for Sections 40, 42, and 46 of the Act and Rule 15(1)(c) of the Rules
  • Phased implementation over 6 months with specific milestones
  • Annual compliance reporting required within 30 days of each financial year end
  • Applies to all stockbrokers, mutual funds, depositories, clearing corporations, and other SEBI intermediaries

Regulatory Changes

  • New mandatory accessibility requirements for all digital platforms operated by regulated entities
  • Introduction of certified IAAP accessibility professional auditor requirements
  • Establishment of structured compliance reporting framework through designated authorities

Compliance Requirements

  • Within 1 month: Submit list of digital platforms and compliance action report
  • Within 45 days: Appoint certified IAAP accessibility professionals as auditors
  • Within 3 months: Complete accessibility audit of digital platforms
  • Within 6 months: Remediate audit findings and ensure full compliance
  • Ongoing: Annual compliance reporting within 30 days of financial year end

Important Dates

  • Circular Date: July 31, 2025
  • 1 Month Deadline: August 31, 2025 (platform list and compliance report)
  • 45 Days Deadline: September 14, 2025 (auditor appointment)
  • 3 Months Deadline: October 31, 2025 (accessibility audit completion)
  • 6 Months Deadline: January 31, 2026 (full compliance and remediation)
  • Annual Reporting: Within 30 days of each financial year end

Impact Assessment

Market Impact: Significant operational impact on all regulated entities requiring technology upgrades and process changes to ensure digital accessibility. Compliance Cost: Entities will incur costs for accessibility audits, professional consultations, and platform modifications. Reporting Structure: Stock brokers and depository participants report to exchanges/depositories, investment advisors to BASL, and MIIs/other entities directly to SEBI. Positive Impact: Enhanced market accessibility for persons with disabilities, promoting inclusive participation in securities markets.

Impact Justification

Mandatory compliance requirement affecting all SEBI regulated entities with strict implementation timelines and annual reporting obligations