What is a consultation paper and where can I access it?

What is a consultation paper and where can I access it?

A consultation paper is a document issued by regulatory bodies—like SEBI (Securities and Exchange Board of India)—to propose new rules or changes to existing regulations. These papers are designed to invite public feedback, making regulatory decisions more inclusive and transparent.

What is a consultation paper?

  • A formal proposal document from regulators like SEBI
  • Contains background, context, and the full text of proposed rule changes
  • Seeks input from stakeholders, market participants, and the general public
  • Aims to improve the quality and acceptability of future regulations

By publishing a consultation paper, regulators ensure that affected parties have a chance to review, comment, and suggest improvements before any final implementation.

How to access SEBI consultation papers?

You can view and download all active and archived SEBI consultation papers from the official SEBI website:

https://www.sebi.gov.in/sebiweb/home/HomeAction.do?doListing=yes&sid=3&smid=115

This page includes:

  • Active consultation papers open for public comment
  • Closed papers with summary feedback or decisions
  • Downloadable PDFs for each publication

What if...

ScenarioWhat you should know
You missed the comment deadlineYour feedback may not be considered, but you can still review decisions in SEBI circulars.
You want to submit feedbackEach paper contains an email ID and deadline for responses. Send your views directly to SEBI.
You're unsure if it affects youReview the 'Scope' and 'Applicability' sections in the document to understand relevance.
Public participation in consultation papers can influence how regulations evolve—especially if you’re a trader, broker, or part of a financial institution.
Last updated: 19 Jun 2025

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