Relaxation in timelines for compliance: SEBI Circular
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 representations received from Stock Exchanges, SEBI had earlier provided relaxations in timelines for compliance with various regulatory requirements by the trading members / clearing members/ depository participants, 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, SEBI/HO/MIRSD/DOP/CIR/P/2020/68 dated April 21, 2020and SEBI/HO/MIRSD/DOP/CIR/P/2020/72 dated April 24, 2020.
2.Later, vide circular nos. SEBI/HO/MIRSD/DOP/CIR/P/2020/82 dated May 15, 2020, SEBI/HO/MIRSD/DOP/CIR/P/2020/101 dated June 19, 2020, SEBI/HO/MIRSD/DOP/CIR/P/2020/112 dated June 30, 2020, SEBI/HO/MIRSD/DOP/CIR/P/2020/141 dated July 29, 2020, SEBI/HO/MIRSD/DOP/CIR/P/2020/142dated July 29, 2020and SEBI/HO/MIRSD/DOP/CIR/P/2020/191 dated October 01, 2020, timelines / period of exclusion werefurther extended for certain compliance requirements.
3.In view of the prevailingsituation due to Covid-19 pandemic and representation received from the Stock Exchanges, it has been decided to extend the timelines for compliance with the following regulatory requirementsby the trading members / clearing members, as under:
4.In view of the request received from the Depositories, it has been decided to extend the timelines for compliance with the following regulatory requirements by depository participants(DPs), as under:
5.Stock Exchanges/Clearing Corporations and Depositories are directed to bring the provisions of this circular to the notice of their members and participants respectively and also disseminate the same on their websites.
6.This circular is issued in exercise of powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992and Section 19 of the Depositories Act, to protect the interests of investors in securities and to promote the development of, and to regulate the securities markets.
