The updated Regulation 3(1) states that SEBI now has broader authority to specify the categories of associated persons who need to obtain certifications, the types of intermediaries they work with, and the timeframe within which these certifications must be acquired. Further, Regulation 3(2), has been omitted entirely. Consequential amendments have also been made to Regulation 3(4) and Regulation 4(3) to align with these changes.