Sebi extends deadlines for brokers' regulatory compliances by a month

New timeline will apply to maintenance of call recordings of orders from clients, funding reporting and permission to operate trading terminals from alternate locations

Market regulator Sebi on Tuesday extended the timelines from June 30 to July 31 for compliance with regulatory requirements meant for brokers.

Some areas where the new timeline will apply include maintaining call recordings of orders received from clients, client funding reporting and permission to operate the trading terminals from designated alternate locations.

Sebi said the extension is being given in the wake of the Covid-19 pandemic and lockdown imposed by the government.