SEBI relaxes timelines for compliances by Trading members/Clearing Members & KYC Registration Agencies

The Securities Exchange Board of India through circular dated July 30, 2021 has extend the timelines for compliances by Trading members/Clearing Members & KYC Registration Agencies. The due date for the following compliances are extended from July 31, 2021 to September 30, 2021:

1. KYC application form and supporting documents of the clients to be uploaded on system of KRA within 10 working days.
2. Submission of Internal Audit Report for Half year ended
3. System Audit /Cyber Audit Report – Algo / Type III Members for the period ended March 31, 2021.
4. Submission of System Audit Report for the period ended March 2021.
5. Submission of Cyber Security & Cyber Resilience Audit Report for the period ended March 2021.
6. Reporting of Risk Based Supervision.
7. Maintaining call recordings of orders / instructions received from clients.

The due date to operate the trading terminals from designated alternate locations is extended from July 31, 2021 till December 31, 2021.