Sebi extends regulatory norms compliance timeline for RTAs, others

The period from March 23 till September 30 shall be excluded for computing the existing timelines for compliance, Sebi said in the circular

Amid the coronavirus pandemic, regulator Sebi on Wednesday gave extension till September 30 to depository participants, share transfer agents and brokers for compliance with various regulatory requirements.

Through a circular, the regulator eased compliance requirement with regard to processing of demat request forms by issuer or registrar of share transfer agents (RTA) and depository participants (DP).

Under the norms, processing of demat request forms by issuer or RTA needs to be done within 15 days, while the same for depository participants is within seven days.

The period from March 23 till September 30 shall be excluded for computing the existing