Sebi has included the reporting requirements along with periodicity in the circular
Markets regulator Sebi on Thursday streamlined reporting requirements for designated custodians and custodians.
The decision has been taken after considering various reports submitted by the Designated Depository Participants (DDPs) and depositories to arrive at uniform compliance standards, to facilitate compliance reporting and for regulatory purposes.
In a circular, the Securities and Exchange Board of India (Sebi) said reports on foreign portfolio investors (FPIs) not meeting legal entity identification requirements and FPIs not submitting detailed beneficial ownership details should be submitted on a quarterly basis are submitted.
In addition, various other reports must be submitted to the supervisory authority.
Sebi has included the reporting requirements along with periodicity in the circular.
The reports must be reported monthly, quarterly, semi-annually and annually as specified by the supervisor.
“The monthly and quarterly reports will be uploaded within 15 calendar days after the end of each month and quarter respectively,” the circular said, adding that the new provisions will be effective from the month ending February.
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First print: January 26, 2024 | 12:17 pm IST