Exemption from closure for capital and debt market services during COVID-19
Summary
The Securities and Exchange Board of India issued a notification on March 24, 2020, exempting capital and debt market services from closure orders mandated by the Ministry of Home Affairs. The notification lists specific entities providing these services that are hereby exempted from the general lockdown measures. The directive remains in force for 21 days starting March 25, 2020, requiring SEBI offices to function with minimum staff.
Text
capital and debt marketservices notifi edbytheSecuritiesandExchangeBoardofIndiashallbeexemptedfrom suchclosur es.
Recognised Stock Exchanges, Recognised Clearing Corporations, Depositories, Custodians, Mutual Funds, Asset Management Companies, Stock Brokers, Trading Members, Clearing Members, Depositories Participants, Registrar and Share Transfer Agents, Credit Rating Agencies, Debenture Trustees, Foreign Portfolio Investors, Portfolio Managers, Alternative Investment Funds, Investment Advisers, Any other entities and regulated activities as notified by SEBI.
TheHeadOffice/RegionalOffices/LocalOfficesofSEBIshallalsosfunctionwithminimum numberofemployees.
whichshallremaininforceinallpartsofthecountryforaperiodof21days,withtheeffectfrom March25,2020.
Source: SecMarx — Exemption from closure for capital and debt market services during COVID-19. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.