SEBI extends Covid-related reliefs for trading members, depositories

The capital market regulator said that the decision has been taken in view of the prevailing situation due to Covid-19 pandemic and representations received from the stock exchanges.

Mumbai: The Securities and Exchange Board of India (SEBI) on Tuesday extended the timeline of several relaxations of regulatory requirements for trading and clearing members along with depositories in the wake of the coronavirus pandemic.

The timeline for internal and system audit for half year ended September have been extended till December 31, said a SEBI circular.

Further, trading and clearing members can now submit by December 31 their half yearly net worth certificate as on September 30 and the cyber security and cyber resilience audit for half year ended on September 30 can be done till January 31, 2021.

Depositories can submit Internal Audit Report for the half year ended September 30, 2020 by the end of December.

The capital market regulator said that the decision has been taken in view of the prevailing situation due to Covid-19 pandemic and representations received from the stock exchanges.

"Stock Exchanges/Clearing Corporations and Depositories are directed to bring the provisions of this circular to the notice of their members and participants respectively and also disseminate the same on their websites," it said.

(IANS Report)