Explained on 26 October 2026. This is an educational answer drawn from the dated article below; examples are hypothetical unless a specific source observation is identified.
How it works
Emails, messages, research delivery and related records can document different parts of the relationship. Their relevance depends on the rules and the facts. Simply replacing an audio file with an empty folder fails to distinguish a change in recording format from a complete removal of documentation.
A simple example
In an illustrative work file, a dated email records a question, a research document records the response and a delivery record shows when it was sent. These documents answer different evidential questions; none automatically proves that every remaining duty has been met.
What to check
- Map each continuing requirement to the relevant record.
- Keep timestamps and the original communication context.
- Do not infer a blanket exemption from one format change.
Read the full event and evidence
SEBI’s Institutional Call-Recording Exemption: Less Audio Does Not Mean No Records explains the original event, its dates and the supporting documents. Event context: 23 October 2026 circular; effective 8 November 2026.