SEBI relaxation in compliance deadlines

https://www.sebi.gov.in/legal/circulars/dec-2020/relaxation-in-timelines-for-compliance-with-regulatory-requirements_48324.html

Half yearly internal audit & systems audit & half yearly net worth certificate by clearing members/ traders has been extended upto 31st December, 2020.

Half yearly cyber security and cyber resilience audit for clearing members/ traders has been extended upto 31st January, 2021.

Half yearly internal audit report by depository participants (DPs) and annual systems audit by DPs extended upto 31st December, 2020.

For DPs – KYC application form and supporting documents of clients to be uploaded on system of KRA – extended upto 31st December, 2020. Further a 15 day period granted beyond 31st December, 2020 to clear the back log.

All of these extensions due to the ongoing covid pandemic.

Leave a comment

Filed under securities laws

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s