SEBI through circular dated June 30, 2021 has provided relaxations in timelines for compliance with various regulatory requirements by the trading members / clearing members / depository participants. Timeline for compliances including maintaining of call recordings of orders/ instructions received from clients, Client Funding Reporting, operating the trading terminals from designated alternate locations, KYC application form and supporting documents of the clients to be uploaded on system of KRA within 10 working days and Issue of Annual Global Statement to clients is extended till June 30, 2021 is extended till July 31, 2021.
Additional Factor of Authentication (AFA) for cross-border Card Not Present (CNP) transactions
Reserve Bank of India today placed on its website draft directions on Additional Factor of Authentication (AFA) for cross-border Card Not Present (CNP) transactions for