Relaxation in timelines for compliance with regulatory requirements

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..... ugh Stock Exchanges / Clearing Corporations (including those in International Financial Services Centres) 4. Depository Participants through Depositories 5. KYC Registration Agency Madam / Sir, Subject: Relaxation in timelines for compliance with regulatory requirements 1. In view of the situation arising due to COVID-19 pandemic, lockdown imposed by the Government and representations recei .....

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..... nes / period of exclusion were further extended for certain compliance requirements. 3. 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 following regulatory requirements by the trading members / clearing members, as under: S. No. Compliance requirements for wh .....

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..... mber 31, 2020. II KYC application form and supporting documents of the clients to be uploaded on system of KRA within 10 working days. Period of exclusion shall be from March 23, 2020 till December 31, 2020. A 15-day time period after December 31, 2020 is allowed to Depository / DPs, to clear the back log. III Systems audit on annual basis for the financial year ended March 31, 2020. .....

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