Circular issued on 1st December 2020 by Security Exchange Board of India (SEBI) clarifies that keeping in view the prevailing situation due to Covid-19 pandemic and representation received from the Stock Exchanges, SEBI has decided to extend the timelines for compliance with the following regulatory requirements by the trading members / clearing members.
| S. No | Compliance requirements for which timelines are extended | Extended timeline |
| 1 | Internal Audit for half year ended on September 30, 2020. | 31st December 2020 |
| 2 | System Audit for half year ended on September 30, 2020. | |
| 3 | Half yearly net worth certificate as on September 30, 2020. | 31st December 2020 |
| 4 | Cyber Security and Cyber Resilience Audit for half year ended on September 30, 2020. | 31st January 2020 |
Extended timelines for Depository participants (DPs).
| S. No | Compliance requirements for which timelines are extended | Extended timeline |
| 1 | Submission of half yearly Internal Audit Report by DPs for the half year ended on September 30, 2020 | 31st December 2020 |
| 2 | 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 23rd March, 2020 till 31st December, 2020. A 15-day time period after December 31, 2020 is allowed to Depository / DPs, to clear the back log |
| 3 | Systems audit on annual basis for the financial year ended March 31, 2020. | 31st December, 2020 |
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