Combating Financing of Terrorism (CFT) under Unlawful Activities (Prevention) Act, 1967 – Directions to stock exchanges, depositories and all registered intermediaries
Summary
This circular directs all SEBI-registered intermediaries to strictly comply with the Government of India's modified order dated March 14, 2019. The modification relates to the implementation of Section 51A of the Unlawful Activities (Prevention) Act, 1967, specifically concerning counter-terrorism financing. This directive supersedes previous procedural orders by reallocating responsibilities to the Counter Terrorism and Counter Radicalization Division.
Text
The Government had issued an Order dated August 27, 2009 detailing the procedure for implementation of Section 51A of the Unlawful Activities (Prevention) Act, 1967... Accordingly SEBI had issued circular ISD/AML/CIR-2/2009... and subsequently master circular SEBI/HO/MIRSD/DOS3/CIR/P/2018/104...
In view of the reorganization of Divisions in the Ministry of Home Affairs and allocation of work relating to countering of terror financing to the Counter Terrorism and Counter Radicalization (CTCR) Division, the Government has modified the earlier order dated August 27, 2009 by the order dated March 14, 2019 (copy enclosed) for strict compliance.
The enclosed order issued by GOI in relation to implementation of Section 51A of the UAPA, 1967 is brought to notice for strict and meticulous compliance.
Source: SecMarx — Combating Financing of Terrorism (CFT) under Unlawful Activities (Prevention) Act, 1967 – Directions to stock exchanges, depositories and all registered intermediaries. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.