Sebi eases compliance norms for brokers; extends deadline for filing report

The decision comes after receiving a representation from stock exchanges, the Securities and Exchange Board of India (Sebi) said in a circular

Sebi on Friday extended the deadlinefor brokers to submit reports on client funding and daily margin till July 31, in the wake of the coronavirus (Covid-19) crisis.

Besides, the markets regulator has given more time for submitting compliance certificate on margin trading, risk-based supervision, internal audit report as well as net worth certificates of brokers for half year ended March 31, 2020.

This is the third instance when the regulator has extended the deadline for compliance.

The decision comes after receiving a representation from stock