Relaxation of compliance timelines: SEBI extends deadlines for KYC, audit and reporting obligations to address COVID-19 disruption. SEBI extends timelines for specified compliance obligations due to COVID-19, including extended windows for uploading client KYC documents to KRA systems with an interim backlog clearance period; deferred submission deadlines for internal, system and cyber security/cyber resilience audit reports for the March period; deferral of Risk Based Supervision reporting; maintained call recording obligations; and continued permission to operate trading terminals from designated alternate locations subject to immediate mobile confirmation to clients after order execution. Exchanges and Clearing Corporations must notify members and publish the circular.
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Relaxation of compliance timelines: SEBI extends deadlines for KYC, audit and reporting obligations to address COVID-19 disruption.
SEBI extends timelines for specified compliance obligations due to COVID-19, including extended windows for uploading client KYC documents to KRA systems with an interim backlog clearance period; deferred submission deadlines for internal, system and cyber security/cyber resilience audit reports for the March period; deferral of Risk Based Supervision reporting; maintained call recording obligations; and continued permission to operate trading terminals from designated alternate locations subject to immediate mobile confirmation to clients after order execution. Exchanges and Clearing Corporations must notify members and publish the circular.
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