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of <h1>SEBI Extends Compliance Deadlines for Brokers and Depositories Amid COVID-19; Excludes March 23-May 17, 2020, Period.</h1> In response to the COVID-19 pandemic and extended lockdown, the Securities and Exchange Board of India (SEBI) has relaxed compliance timelines for certain activities by depository participants, stock brokers, and related entities. The period from March 23, 2020, to May 17, 2020, is excluded from existing timelines for processing demat requests and uploading KYC documents. An additional 15 days post-May 17, 2020, is granted to clear any backlog. Stock exchanges and depositories must inform their members and update their websites accordingly. This decision aims to protect investors and regulate the securities market effectively.
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