SEBI Circular on : Relaxation in timelines for compliance with regulatory requirement

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Date	Issuer	Subject	Topic
30-07-2021	SEBI	Relaxation in timelines for compliance with regulatory requirement	Compliance Relaxation
Highlights of SEBI Circular Dated July 30, 2021 on   Relaxation in timelines for compliance with regulatory requirements     Sr# Submission / Compliance Current Timeline / period of exclusion Proposed timeline / period of exclusion 1 KYC application form and supporting documents of the clients to be uploaded on system of KRA within 10 working days Till July 31, 2021, documents may be uploaded on to the system of KRA within 15 working days. *A 30-day time period is provided to SEBI Registered Intermediary after July 31, 2021 to clear the backlog. Till September 30, 2021, documents may be uploaded on to the system of KRA within 15 working days. *A 30-day time period is provided to SEBI Registered Intermediary after September 30, 2021 to clear the backlog. 2 Submission of Internal Audit Report for Half year ended (HYE) March-2021 Till July 31, 2021 Till September 30, 2021 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 8 To operate the trading terminals from designated alternate locations Till July 31, 2021 Till December 31, 2021   Members may note that the relaxation in compliance requirement at S. No. 7 is provided with respect to trading members working from designated alternate locations. However, the trading member and the Stock Exchange shall send a confirmation on the registered mobile number of the client immediately after execution of the order   SEBI Circular no. SEBI/HO/MIRSD/DOP/P/CIR/2021/607 Dated July 30, 2021 is enclosed herewith for your ready reference.   In case of any clarification or assistance required in implementation of this circular you may contact VANDANA VANIA (SecMark Consultancy Ltd.)– van...@secmark.in / 9223303460      SHARDUL SHAH - shard...@secmark.in/ 9869265949 / 9653415968

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