{"id":250587,"date":"2021-07-01T12:30:20","date_gmt":"2021-07-01T07:00:20","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=250587"},"modified":"2021-07-01T12:10:55","modified_gmt":"2021-07-01T06:40:55","slug":"sebi-notifies-relaxation-in-timelines-for-compliance-with-regulatory-requirements","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2021\/07\/01\/sebi-notifies-relaxation-in-timelines-for-compliance-with-regulatory-requirements\/","title":{"rendered":"SEBI notifies relaxation in timelines for compliance with regulatory requirements"},"content":{"rendered":"

The Securities and Exchange Board of India has issued circular dated 30.06.2021<\/a> vide which the timelines for various regulatory compliances by the Trading Members\/Clearing Members\/KYC Registration Agencies are extended, as under:<\/p>\n

 <\/p>\n\n\n\n\n\n\n\n\n
S. No.<\/strong><\/td>\nSubmission\/ compliance<\/strong><\/td>\nCurrent timeline\/Period of exclusion<\/strong><\/td>\nProposed timeline\/Period of exclusion<\/strong><\/td>\n<\/tr>\n
1.<\/td>\nMaintaining call recordings of orders\/ instructions received from clients<\/td>\nTill June 30, 2021<\/td>\nTill July 31, 2021<\/td>\n<\/tr>\n
2.<\/td>\nClient Funding Reporting<\/td>\n<\/tr>\n
3.<\/td>\nTo operate the\u00a0\u00a0\u00a0\u00a0 trading terminals\u00a0\u00a0\u00a0 from\u00a0\u00a0\u00a0 designated alternate locations<\/td>\n<\/tr>\n
4.<\/td>\nKYC application form and supporting documents of the clients to be uploaded on system of KRA within 10 working days<\/td>\nTill June 30, 2021, documents may be uploaded on to the system of KRA within 15\u00a0\u00a0\u00a0 working days.<\/p>\n

*A 30-day time period is provided to SEBI Registered Intermediary after June 30, 2021 to clear the backlog.<\/td>\n

Till July 31, 2021, documents may be uploaded on to the system of KRA within 15 working days.<\/p>\n

*A 30-day time period is provided to SEBI Registered Intermediary after July 31, 2021, to clear the backlog.<\/td>\n<\/tr>\n

5.<\/td>\nIssue of Annual\u00a0\u00a0\u00a0\u00a0 Global Statement to clients<\/td>\nTill June 30, 2021.\u00a0\u00a0 *Relaxation\u00a0\u00a0\u00a0 is provided only if the client has requested for a physical statement.<\/td>\nTill July 31, 2021.\u00a0\u00a0 *Relaxation\u00a0\u00a0\u00a0 is provided only if the client has requested for a physical statement.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\n

Further, Stock Exchanges\/Clearing Corporations and Depositories are directed to bring the provisions of this circular to the notice of their members\/ participants and disseminate the same on their websites.<\/p>\n

\n

*Tanvi Singh, Editorial Assistant has put this story together.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

The Securities and Exchange Board of India has issued circular dated 30.06.2021 vide which the timelines for various regulatory compliances by the <\/p>\n","protected":false},"author":121,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4,1193],"tags":[],"class_list":["post-250587","post","type-post","status-publish","format-standard","hentry","category-legislationupdates","category-notifications"],"yoast_head":"\nSEBI notifies relaxation in timelines for compliance with regulatory requirements | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.scconline.com\/blog\/post\/2021\/07\/01\/sebi-notifies-relaxation-in-timelines-for-compliance-with-regulatory-requirements\/\" \/>\n<meta property=\"og:locale\" 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prevailing situation due to Covid 19 pandemic and representations received from the Debenture Trustees, SEBI has been decided to extend the timelines for compliance with the following regulatory requirements of the SEBI circular dated November 12, 2020 for the quarter\/ half year\/ year ending March 31,\u2026","rel":"","context":"In "Hot Off The Press"","block_context":{"text":"Hot Off The Press","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/hot_off_the_press\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":249181,"url":"https:\/\/www.scconline.com\/blog\/post\/2021\/06\/03\/sebi-issues-circular-easing-compliance-with-requirements-pertaining-to-aifs-and-vcfs\/","url_meta":{"origin":250587,"position":1},"title":"SEBI issues circular easing compliance with requirements pertaining to AIFs and VCFs","author":"Prachi Bhardwaj","date":"June 3, 2021","format":false,"excerpt":"SEBI has issued circular dated 31.05.2021 after considering the representation from Alternative Investment Funds (AIF) Industry, requesting extension of timelines for various regulatory filings and compliances for AIFs and Venture Capital Funds (VCF), due to ongoing second wave of the COVID-19 pandemic and restrictions imposed by various state governments. \u00a0\u2026","rel":"","context":"In "Legislation Updates"","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":248248,"url":"https:\/\/www.scconline.com\/blog\/post\/2021\/05\/15\/sebi-relaxation-from-compliance-to-reits-and-invits-due-to-the-covid-19-virus-pandemic-2\/","url_meta":{"origin":250587,"position":2},"title":"SEBI | Relaxation from compliance to REITs and InvITs due to the COVID -19 pandemic","author":"Bhumika Indulia","date":"May 15, 2021","format":false,"excerpt":"SEBI has extended the due date for regulatory filings and compliances for InvITs and REITs for the period ending March 31, 2021 by one month over and above the timelines, prescribed under SEBI (Infrastructure Investment Trusts) Regulations, 2014 (InvIT Regulations) and SEBI (Real Estate Investment Trusts) Regulations, 2014 (REIT Regulations)and\u2026","rel":"","context":"In "Legislation Updates"","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":288058,"url":"https:\/\/www.scconline.com\/blog\/post\/2023\/03\/28\/sebi-extended-timelines-for-existing-account-holders-to-provide-choice-of-nomination-details-by-either-furnishing-of-nomination-or-declaration-for-opting-out-nomination-legal-update-legal-research-l\/","url_meta":{"origin":250587,"position":3},"title":"SEBI extends timeline for existing account holders to provide “choice of nomination details” till 30-9-2023","author":"Kriti","date":"March 28, 2023","format":false,"excerpt":"On 27-3-2023, the Securities and Exchange Board of India (\u2018SEBI\u2019) has extended timelines for the existing account holders to provide choice of nomination details by either furnishing of nomination or declaration for opting out nomination. Key Points: SEBI further extended the timeline with regard to freezing of trading and demat\u2026","rel":"","context":"In "Legislation Updates"","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"SEBI","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/03\/Untitled-design-3.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/03\/Untitled-design-3.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/03\/Untitled-design-3.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/03\/Untitled-design-3.png?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":351868,"url":"https:\/\/www.scconline.com\/blog\/post\/2025\/06\/30\/sebi-mutual-fund-passive-breach-rebalancing-timeline-update\/","url_meta":{"origin":250587,"position":4},"title":"SEBI brings all Passive Breaches under one rebalancing framework","author":"Shubhi","date":"June 30, 2025","format":false,"excerpt":"Timelines for Rebalancing of Portfolios of Mutual Fund Schemes revised to encompass all Passive Breach categories.","rel":"","context":"In "Legislation Updates"","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"passive breaches","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/06\/passive-breaches.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/06\/passive-breaches.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/06\/passive-breaches.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/06\/passive-breaches.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":281340,"url":"https:\/\/www.scconline.com\/blog\/post\/2023\/01\/10\/securities-and-exchange-board-of-india-extended-timelines-for-entering-and-verifying-details-of-existing-outstanding-non-convertible-securities-in-security-and-covenant-monitoring-system-hosted-by-de\/","url_meta":{"origin":250587,"position":5},"title":"SEBI extends timeline for entering and verifying of details in Security and Covenant Monitoring system","author":"Editor","date":"January 10, 2023","format":false,"excerpt":"\u00a0 \u00a0 On 5-1-2023, the Securities and Exchange Board of India (\u2018SEBI') has extended the timelines for entering and verifying the details of the existing outstanding non- convertible securities in the \u201cSecurity and Covenant Monitoring\u201d system hosted by Depositories. 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