Sebi gives more time to brokers, clearing members to comply with rules

Markets regulator Sebi on Friday extended timelines for compliance with certain regulatory requirements by stock brokers, clearing members and KYC registration agencies in view of the coronavirus pandemic.

The deadline for maintaining call recordings of orders or instructions received from clients has been extended by one month till September 30, the Securities and Exchange Board of India (Sebi) said in a circular.

The watchdog has also given time till December 31 to brokers for operating the trading terminals from designated alternate locations.

Further, the deadline has been extended by a month till September-end for submission of internal audit report, system audit, and cyber