SME Times News Bureau | 01 Dec, 2020
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.
