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

Streamlining of Regulatory Reporting by Designated Depository Participants (DDPs) and Custodians

25-Jan-2024 | SEBI/HO/AFD/ AFD-SEC-2/P/CIR/2024/8

SEBI has issued circular on Streamlining of Regulatory Reporting by Designated Depository Participants (DDPs) and Custodians effective from Feb 2024 ending

By virtue of this circular various reports submitted by DDPs and Custodians have been reviewed in order to have uniform compliance standards, for ease of compliance reporting and for regulatory purposes.

It has been decided that the following reports shall henceforth be submitted on the SEBI Intermediary Portal (SI Portal) by DDPs and Custodians:

1. Reports to be submitted on Annual basis-
i) Annual audit reports on internal controls of DDPs
ii) Annual review report of the systems, procedures & controls of the Custodian by an expert
iii) Audited Annual report along with Net worth certificate

2. Reports to be submitted on Half-Yearly basis-
i) AI / ML report under Clause 9 (v) of Chapter IV of the Master Circular for Custodians

3. Reports to be submitted on Quarterly basis-
i) Custodian Quarterly report under Clause 6 of Chapter IV of the Master Circular for Custodians
ii) FPI General Information to assess the eligibility under Regulation 4 of FPI Regulations, 2019
iii) NRI/OCI/RI requirements under Clause 1(ii) of Part A of Master Circular for FPIs and DDPs dated December 19, 2022
iv) FPIs non-compliant with Legal entity identifier requirements under circular dated July 27, 2023
v) FPIs who have not submitted granular BO details under circular dated August 24, 2023
vi) Details of FPIs granted exemption under circular dated August 24, 2023

4. Reports to be submitted on Monthly Basis-
i) Change in material information where there is a delay of 6 months as provided under Clause 14(iii) of Part A of the Master Circular for FPIs and DDPs Monthly
ii) Report of short sales by FPIs under Clause 4 of Chapter IV of the Master Circular for Custodians

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