Circular regarding relaxation in timelines for compliance with regulatory requirements (circular dated – 30.06.2021) –SEBI
View Pdf- 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 under:
- Maintaining call recordings of orders/ instructions received from clients – Till July 31, 2021.
- Client Funding Reporting-Till July 31, 2021.
- To operate the trading terminals from designated alternate locations – Till July 31, 2021.
- KYC application form and supporting documents of the clients to be uploaded on system of KRA within 10 working days – Till 31st July, 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.
- Issue of Annual Global statement to clients – Till July 31st, 2021. *Relaxation is provided only if the client has requested for a physical statement.
- This circular is issued in exercise of powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992 and Section 19 of the Depositories Act, 1996 to protect the interests of investors in securities and to promote the development of, and to regulate the securities markets.
