In view of the prevailing situation due to COVID-19 pandemic and representations received from depositories, it has been decided to further extend the timelines for compliance with the regulatory requirements by DPs/RTAs, mentioned in the SEBI circulars, as under:
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Compliance requirements for which timelines were extended vide SEBI circular No. SEBI/HO/MIRSD/DOP/CIR/P/2020/62 dated April 16, 2020. |
S. No. in circular for which timeline is extended further |
Extended timeline / Period of exclusion |
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Processing of the demat request form by Issuer / RTA. |
I |
Period of exclusion shall be from March 23, 2020 till July 31, 2020. |
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II |
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Processing of the demat request form by the Participants. |
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A 15-day time period after July 31, 2020 is allowed to Depository / DPs, to clear the back log. |
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Compliance requirements for which timelines were extended vide SEBI circular No. SEBI/HO/MIRSD/DOP/CIR/P/2020/72 dated April 24, 2020. |
S. No. in circular for which timeline is extended further |
Extended timeline / Period of exclusion |
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Submission of half yearly Internal Audit Report (IAR) by DPs for half year ended on 31st March 2020. |
II |
July 31, 2020, for half year ended on March 31, 2020. |
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Redressal of investor grievances. |
III |
Period of exclusion shall be from March 23, 2020 till July 31, 2020.
A 15-day time period after July 31, 2020 is allowed to Depository / DPs, to clear the back log. |
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Transmission of securities. |
IV |
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Closure of demat account. |
V |
Further, Vide circular no. SEBI/HO/MIRSD/DOP/CIR/P/2020/101 dated June 19, 2020, SEBI, inter-alia, extended the timeline for Reporting of Artificial Intelligence and Machine Learning by Trading Members (TM)/ Clearing Members (CM) till July 31, 2020 for the quarter ended on March 31, 2020. In view of the representation received from the Stock Exchanges, the timeline for Reporting Artificial Intelligence and Machine Learning by Trading Members (TM)/ Clearing Members (CM) is extended till July 31, 2020 for the quarter ending on June 30, 2020.
