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Corporate Laws Central Ministry of Finance Securities and Exchange Board of India Act, 1992

Reiteration of SEBI circular on Updates for Implementation of Section 51A of UAPA, 1967: Updates to UNSC's 1267/ 1989 ISIL (Da'esh) & Al-Qaida Sanctions List

27-Aug-2024 | NSE/ISC/63603

NSE has issued a circular in reference to SEBI circular on Updates for Implementation of Section 51A of UAPA, 1967: Updates to UNSCs 1267/ 1989 ISIL (Da'esh) & Al-Qaida Sanctions List. SEBI issued a circular about Updates for Implementation of Section 51A of UAPA, 1967, updating UNSC's 1267 / 1989 ISIL (Da'esh) & Al-Qaida Sanctions List. By virtue of this circular, it has been stated that the United Nations Security Council (UNSC) Committee has issued a note SC/15800 dated August 23, 2024, regarding the removal of 01 entry in UNSC's 1267/1989 ISIL (Da'esh) & Al-Qaida Sanctions list (Annex-1). Further, Stock Exchanges, Depositories, KRAs, AMFI, and registered intermediaries are advised to take note of the UNSC communication and ensure compliance. Further, in this regard, all the members are advised to: - i) Follow the procedure as mentioned in the Central government Order dated Feb 02, 2021, detailing the implementation of Section 51A of the Unlawful Activities (Prevention) Act, 1967 ii) Scan all existing accounts to ensure that no account is held by or linked to any of the entities or individuals included in the list and also ascertain the same for future accounts as well (as per clause 54 of SEBI Guidelines on Anti-Money Laundering (AML) Standards and Combating the Financing of Terrorism (CFT) /Obligations of Securities Market Intermediaries under the Prevention of Money Laundering Act, 2002 and Rules framed there under?) dated June 06, 2024. Please refer to the document for more information.

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