Sebi Extends Deadlines for Digital Accessibility Compliance

The Securities and Exchange Board of India (Sebi) has recently announced an extension of compliance deadlines for investment advisors (IAs) and research analysts (RAs) regarding digital accessibility standards. This decision comes in response to feedback from industry participants who faced challenges in adapting to the new regulations. The initiative aims to align with the Rights of Persons with Disabilities Act, 2016, which mandates that all regulated entities make their digital platforms accessible.

Under the revised framework, the deadline for IAs and RAs to submit compliance reports, previously set for August 30, has been extended to September 30, 2025. Similarly, the timeline for submitting a list of digital platforms offered to investors has also been adjusted to the same date. This extension provides much-needed relief to these entities, allowing them to better prepare for compliance.

Additionally, the appointment of IAAP-certified accessibility professionals as auditors has been extended by three months, now due by December 14, 2025. The deadline for conducting accessibility audits of digital platforms has been pushed to April 30, 2026. Moreover, the remediation of audit findings and ensuring compliance with the circular has been extended to July 31, 2026. The requirement for annual accessibility audits has also been deferred by a year, with the new deadline set for April 30, 2027.

The earlier circular released by Sebi outlined a phased approach, requiring regulated entities to list all their digital platforms, appoint independent auditors, conduct audits, and ensure compliance with accessibility standards. It also mandated the appointment of nodal officers for grievance redressal and annual reporting on accessibility compliance.

Sebi has also clarified the reporting authority for IAs and RAs, realigning the compliance submission process. The reporting obligations for stock brokers and depository participants have been shifted to stock exchanges and depositories, while the responsibility for IAs and RAs now lies with BSE Limited instead of earlier entities.

This extension underscores Sebi’s commitment to balancing inclusivity with the practicalities of implementation. The new timelines and reporting framework are designed to ease the compliance burden on investment advisors and research analysts while reinforcing Sebi’s broader push for inclusive finance and investor protection.