DDPs & Custodians may consider and process the request(s) for registration/ continuance/ KYC / KYC review & any other material change on the basis of scanned version of signed documents (instead of originals) and copies of documents which are not certified, received from (i) e-mail IDs of their Global Custodians/existing clients where these details are already captured in records or (ii) e-mail IDs of new clients received from domains which are duly encrypted with Transport –layer security (TLS) or similar encryption or the documents are password protected. These documents may be uploaded on KRAs. The other intermediaries may rely on said documents.
These temporary relaxations shall be applicable till June 30, 2020. DDPs & Custodians shall obtain the original and/or certified documents (as applicable normally) within 30 days from the aforesaid deadline. In case required documents for registration/ KYC are not received by said deadline, the accounts of such FPIs shall be blocked for any fresh purchase. In case documents are still not received within 3 months of said deadline, DDPs & Custodians shall report these cases to SEBI for appropriate action.
Refer SEBI Circular dated 30 March 2020 here.
The Stewardship Code for all Mutual Funds and all categories of AIFs, in relation to their investment in listed equities, will now be implemented with effect from 1 July 2020, instead of 1 April 2020.
Refer SEBI Circular dated 30 March 2020 here