Relaxation in timelines for compliance with regulatory requirements

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..... Clearing Members through Stock Exchanges and Clearing Corporations (including those in International Financial Services Centres) 4. Depository Participants through 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 G .....

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..... y requirements by the Trading Members / Clearing Members / Depository Participants, mentioned in the SEBI circulars, as under: Compliance requirements for which timelines were extended vide SEBI circular No. SEBI/HO/MIRSD/DOP/CIR/P/2020/61 dated April 16, 2020. S. No. in circular for which timeline is extended further Extended timeli .....

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..... h 31, 2020. VIII Net worth certificate for all members for HYE March 2020. IX Penalty for non-collection / short collection of upfront margins in cash segment. X Till July 31, 2020. Maintaining call recordings of orders/instructions received from clients. .....

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..... tended timeline / Period of exclusion Submission towards weekly monitoring of client funds under the provisions of Enhanced Supervision. I Till July 31, 2020. Submission of data on monthly basis towards clients and fund balance under the provisions of Enhanced Supervision. II Daily .....

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..... he 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 - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Management India - taxmanagementindi .....

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