Relaxation of compliance timelines for market intermediaries extended to accommodate pandemic-related operational disruptions. SEBI extended compliance deadlines for Trading Members, Clearing Members, Depository Participants and KYC Registration Agencies due to Covid-19, deferring deadlines for call recordings, KYC uploads to KRA, issuance of annual global statements on request, client funding reporting and operation from alternate terminals to end-June 2021, and extending audit, net worth, system/cyber audit, risk reporting, AI/ML reporting and related submissions to end-July 2021. Depository Participant timelines for BO grievances, investor grievance redressal, demat account closure and demat request processing were similarly relaxed. Exchanges and depositories must notify members and publish the circular.
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Relaxation of compliance timelines for market intermediaries extended to accommodate pandemic-related operational disruptions.
SEBI extended compliance deadlines for Trading Members, Clearing Members, Depository Participants and KYC Registration Agencies due to Covid-19, deferring deadlines for call recordings, KYC uploads to KRA, issuance of annual global statements on request, client funding reporting and operation from alternate terminals to end-June 2021, and extending audit, net worth, system/cyber audit, risk reporting, AI/ML reporting and related submissions to end-July 2021. Depository Participant timelines for BO grievances, investor grievance redressal, demat account closure and demat request processing were similarly relaxed. Exchanges and depositories must notify members and publish the circular.
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