COVID: Sebi gives more time to brokers, clearing members for compliance with rules
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Markets regulator Sebi on Thursday extended timelines for compliance with certain regulatory requirements by trading members, clearing members and depository participants in view of the second wave of the COVID-19 pandemic.
The deadline for maintaining call recordings of orders or instructions received from clients has been extended till June 30, 2021, Sebi said in a circular.
Also, the regulator has given time till June-end to brokers for operating the trading terminals from designated alternate locations.
In addition, Sebi has extended time till July 31 with regard to submission of internal audit report as well as net worth certificate for half year ended March 2021, risk based supervision report, filing report on Artificial Intelligence (AI) and Machine Learning (ML) applications and making submission of cyber security and cyber resilience audit report for the period ended March 2021, among others.