Notification on continuation of capital and debt market services
Summary
SEBI extends its March 24, 2020 notification regarding capital and debt market services until May 3, 2020. This extension aligns with revised guidelines issued by the Ministry of Home Affairs for COVID-19 containment. The directive applies to all recognized stock exchanges, clearing corporations, depositories, and other specified financial entities.
Text
In terms of Order No. 40-3/2020-DM-I(A) dated March 24, 2020 of the Ministry of Home Affairs, the Securities and Exchange Board of India had issued a notification dated March 24, 2020 notifying various entities to provide capital and debt market services for a period of 21 days with effect from March 25, 2020.
The Ministry of Home Affairs vide Order No. 40-3/2020- DM-I (A) dated April 15, 2020 has issued revised guidelines on the measures to be taken for containment of COVID-19 in the country and directed that these measures will continue to remain in force upto May 03, 2020.
These guidelines permit continuation of certain services which includes the Securities and Exchange Board of India and Capital and Debt Market Services as notified by SEBI.
Accordingly in terms of clause 7 iii, of the said Guidelines, the Notification dated March 24, 2020 issued by SEBI will continue to remain in force in all parts of the country upto May 03, 2020.
Source: SecMarx — Notification on continuation of capital and debt market services. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.