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 revised order dated February 2, 2021. The directive updates previous guidelines regarding the implementation of Section 51A of the Unlawful Activities (Prevention) Act, 1967. It supersedes earlier orders from 2009 and 2019 to ensure effective combating of terrorism financing.
Text
The enclosed order dated February 02, 2021 issued by GOI in relation to implementation of Section 51A of the UAPA, 1967 is brought to notice for strict compliance.
In order to ensure expeditious and effective implementation of the provisions of Section 51A, GOI has outlined a revised procedure through an order dated February 02, 2021 (Annexure 1) superseding the earlier orders and guidelines given on the subject.
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 interests of investors in securities and to promote the development of, and to regulate the securities markets.
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.