Circular regarding relaxation for compliance with regulatory requirements (dated – 30.07.2021) – SEBI
View PdfCircular regarding relaxation for compliance with regulatory requirements (dated – 30.07.2021) – SEBI
- In view of the prevailing situation due to Covid-19 pandemic and representation received from Stock Exchanges, it has been decided to extend the timelines for compliance with the following regulatory requirements by the Trading Members / Clearing Members / KYC Registration Agencies, as mentioned.
- KYC application form and supporting documents of the clients to be uploaded on system of KRA within 10 working days – Till July 31, 2021, documents may be uploaded on to the
System of KRA within 15 working days. *A 30-day time period is provided to SEBI Registered Intermediary after July 31, 2021 to clear the backlog -Till September 30, 2021, documents may be uploaded on to the system of KRA within 15 working days. *A 30-day time period is provided to SEBI Registered Intermediary after September 30, 2021 to clear the backlog.
- Submission of Internal Audit Report for Half year ended (HYE) March-2021, System Audit /Cyber Audit Report – Algo / Type III Members for the period ended March 31, 2021, Submission of System Audit Report for the period ended March 2021, Submission of Cyber Security & Cyber Resilience Audit Report for the period ended March 2021, Reporting of Risk Based Supervision, Maintaining call recordings of orders / instructions received from clients – Till July 31, 2021 -Till September 30, 2021.
- To operate the trading terminals from designated alternate locations -Till December 31, 2021.
- The relaxation in compliance requirement at S. No. 7 is provided with respect to trading members working from designated alternate locations. However, the trading member and the Stock Exchange shall send a confirmation on the registered mobile number of the client immediately after execution of the order.
