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Sebi again eases compliance rules for processing of demat request

Before this, the regulator had eased compliance requirement in this regard in April

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The period from March 23 till July 31 shall be excluded for computing the existing timelines for compliance

Press Trust of India
Markets regulator Sebi on Tuesday relaxed compliance norms for depository participants and share transfer agents with regard to processing of demat request amid the prevailing situation in view of the coronavirus pandemic.

The relaxation has been extended till July 31, the Securities and Exchange Board of India (Sebi) said in a circular.

Before this, the regulator had eased compliance requirement in this regard in April.

" In view of the prevailing situation due to COVID-19 pandemic and representation received from the depositories, it has been decided to further extend the timelines for compliance with the regulatory requirements by DPs / RTAs," it added.

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