{"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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