a) SEBI vide master circular SEBI/HO/MIRSD/DOP/CIR/P/2020/255 dated December 31, 2020 has issued provided Relaxation in timelines for compliance with regulatory requirements.
b) In view of the prevailing situation due to Covid-19 pandemic and representation received from the Stock Exchanges, it has been decided to extend the timelines for compliance with the regulatory requirements by the trading members / clearing members which are mentioned in the circular.
c) With regard to KYC application form and supporting documents of the clients to be uploaded on system of KRA by the members, for which relaxation has been provided till December 31, 2020 vide circular no. SEBI/HO/MIRSD/DOP/CIR/P/2020/191 dated October 01, 2020, Stock Exchanges / Clearing Corporation shall direct their members to clear the backlog, if any, by January 31, 2021.
d) This circular is issued in exercise of powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992, to protect the interests of investors in securities and to promote the development of, and to regulate the securities markets.
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