SEBI

SEBI again relaxes time for complying regulatory requirements by trading/clearing members

SEBI further relaxes time for complying regulatory requirements by trading/clearing members

SECURITIES AND EXCHANGE BOARD OF INDIA

Circular

EBI/HO/MIRSD/DOP/CIR/P/2020/ 82
 
May 15 , 2020
 
To, 1. All Recognised Stock Exchanges and Clearing Corporations (including those in International Financial Services Centres)
2. All Depositories
3. Trading members / Clearing Members through Stock Exchanges and Clearing Corporations (including those in International Financial Services Centres)
4. Depository Participants throu gh Depositories
5. KYC Registration Agencies
 
Madam / Sir,
 

Subject: Relaxation in timelines for compliance with regulatory requirements

 
1. In view of the situation arising due to COVID – 19 pandemic , lockdown imposed by the Government and representation s received from Stock Exchanges, SEBI had earlier provided relaxations in timelines for compliance with various regulatory requirements by the trading members / clearing members, vide circular nos. SEBI/HO/MIRSD/DOP/CIR/P/2020/61 dated April 16, 2020, SEBI/HO/MIRSD/DOP/CIR/P/2020/62 dated April 16, 2020, and SEBI/HO/MIRSD/DOP/CIR/P/2020/68 dated April 21, 2020.
 
2. In view of the prevailing situation and representations received from the Stock Exchanges, it has been decided to further extend the timelines for compliance with the regulatory requirements , by the trading members / clearing members / depository participants , mentioned in the aforesaid SEBI circulars, as under:
 
SEBI Circular
S. Nos. for
which timeline
is extended
Extended timeline / Period of
exclusion
SEBI/HO/MIRSD/DOP/CIR/P/2020/61
dated April 16, 2020
 I
Till June 30, 2020 for the month
of April 2020.
II
Till June 30, 2020 for the quarter
ended on March 31, 2020
X and XI Till June 30, 2020
SEBI/HO/MIRSD/DOP/CIR/P/2020/62
dated April 16, 2020
 III
Period of exclusion shall be from
March 23, 2020 till June 30,
2020
SEBI/HO/MIRSD/DOP/CIR/P/2020/68
dated April 21, 2020
 
 I, II and II
Till June 30, 2020
IV and V
Two months from the due date.
 
3. All other conditions specified in the aforementioned circulars shall continue to remain applicable.
 
4. Stock Exchanges, Clearing Corporations and Depositories are directed to bring the provisions of this circular to the notice of their members/ participants and also disseminate the same on their websites.
 
5. 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
 
Yours faithfully
 
D Rajesh Kumar
General Manager
Market Intermediaries Regulation and Supervision Department
 
----------- Similar Posts: -----------
Share
Leave a Comment

Recent Posts

  • Income Tax

In absence of mala fide intention bank should not be treated as assessee in default

In absence of mala fide intention bank should not be treated as assessee in default for late deduction and deposit…

2 days ago
  • Income Tax

Whether bank account was fraudulently open in the name of assessee is question of fact

Whether bank account was fraudulently open in the name of assessee is question of fact. High Court declined to entertain…

2 days ago
  • Concurrent Audit

SBI Concurrent Auditor Empanelment of Chartered Accountant Firms 2024-25. Last date 18.05.2024

SBI Concurrent Auditor Empanelment of Chartered Accountant Firms for FY 2024-25 SBI Concurrent Auditor Empanelment of CA Firms for FY…

2 days ago
  • Companies Act

Change in the constitution of Appellate Authority for CAs CSs and Cost Accountants

Change in the constitution of Appellate Authority for CAs CSs and Cost Accountants In 2015, the Ministry of Corporate Affairs…

3 days ago
  • VAT

Trade Tax refund withheld beyond stipulated period & adjusted from demand unjustified – SC

Trade Tax Department was unjustified in retaining refund beyond stipulated period and adjusting it against default notices issued subsequently. In…

3 days ago
  • Income Tax

Notice issued u/s 143(2) prior to filing of return of income assessee is invalid

Notice issued u/s 143(2) prior to filing of return of income by the assessee was invalid. Before filing ITR provisions…

4 days ago