What changed
RBI issued a draft Master Direction that consolidates all existing instructions for secondary market transactions in government securities into one unified document, providing a single point of reference for stakeholders.
What it means for you
Banks and market participants will have a single, clear reference for compliance on G‑sec secondary trades, enhancing clarity and streamlining compliance as stated by RBI.
What you must do
- Review the draft Master Direction and assess impact on your current G-sec trading policies.
- Submit feedback to RBI by July 17, 2026, via email or post as specified.
- Prepare internal teams for the consolidated framework once finalized.
Who it affects
Banks trading in government securities, Primary dealers, All secondary market G‑sec participants
What is the purpose of this draft Master Direction?
To consolidate all existing instructions on secondary market transactions in government securities into a single document for clarity and ease of compliance.
When is the deadline for feedback?
Comments must be submitted by July 17, 2026.
Does this change any existing rules?
The draft consolidates extant instructions; no new rules are specified in the press release. Changes, if any, will be known after finalization.