Mumbai, June 30 | In view of the COVID situation and final restrictions in the country, capital markets regulator SEBI has further extended the timelines for compliance of several regulatory requirements by brokers, clearing members and depositories.
The deadline for reporting client funding and operating trading terminals from specified alternate locations has been extended from the current deadline of June 30 to July 31.
A SEBI circular said that in view of the prevailing situation due to the COVID-19 pandemic and representations received from stock exchanges, it has been decided to extend the timeline for compliance.
SEBI has also extended the deadline for submission of KYC application form and supporting documents of customers till July 31. Documents can be uploaded on KRA’s system within 15 working days.
The deadline for issuance of annual global statement to customers has been extended till July 31.
The regulator has directed the stock exchanges, clearing corporations and depositories to bring the provisions of this circular to the notice of their members and participants and to disseminate the same on their websites.
Source: IANS