Streamlining of Regulatory Reporting by Designated Depository Participants (DDPs) and Custodians
Summary
SEBI mandates Designated Depository Participants and Custodians to submit specified regulatory reports via the SEBI Intermediary Portal. The circular modifies existing reporting modes and periodicities, establishing new submission timelines for monthly, quarterly, half-yearly, and annual filings. These provisions become effective from February 2024 onwards under powers conferred by Section 11(1) of the SEBI Act.
Text
SEBI has reviewed various reports submitted by DDPs and Custodians in order to have uniform compliance standards, for ease of compliance reporting and for regulatory purposes.
all DDPs and Custodians shall submit the reports specified by the Board from time to time.
the following reports shall henceforth be submitted on the SEBI Intermediary Portal (SI Portal) by DDPs and Custodians: [Table 1 listing Annual audit reports, Annual review report, Audited Annual report, AI / ML report, Custodian Quarterly report, FPI General Information, NRI/OCI/RI requirements, FPIs non-compliant with Legal entity identifier, FPIs who have not submitted granular BO details, Details of FPIs granted exemption, Change in material information, Report of short sales]
The reporting formats which were finalised in consultation with the pilot Custodians and Designated Depository Participants Standard Setting Forum (CDSSF) shall be shared by CDSSF with all the DDPs and Custodians, who shall disclose the same on their websites.
Reporting by DDPs under Clause 14(iii) of Part A of Master Circular for FPIs and DDPs shall be on monthly basis on SI portal. However, the DDPs shall continue to submit delay in intimation of certain material changes (excluding change in Name, Change in Senior Managing Official and Change in Beneficial owner not leading to change in Investor Grouping), within 2 working days from the receipt of intimation by FPI by email to misc-fpi@sebi.gov.in.
The monthly and quarterly reports shall be uploaded within 15 calendar days from the end of each month and quarter, respectively. The other reports shall be uploaded as per timelines specified in the Master Circular.
The mode and periodicity of the provisions of circulars as mentioned in para 2 stand modified to the extent specified herein.
The provisions of this Circular shall come into effect from month ending February - 2024 onwards.
This Circular is issued in exercise of powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992, to protect the interest of investors in securities and to promote the development of, and to regulate the securities market.
Source: SecMarx — Streamlining of Regulatory Reporting by Designated Depository Participants (DDPs) and Custodians. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.