SEBI Update - Streamlining of Regulatory Reporting by Designated Depository Participants (DDPs) and Custodians

It has been decided that the following reports shall henceforth be submitted on the SEBI Intermediary Portal (SI Portal) by DDPs and Custodians

Sr No Reporting Requirements Periodicity 1 Annual audit reports on internal controls of DDPs under Regulation 31(6) of SEBI (Foreign Portfolio Investors) Regulations, 2019 Annual 2 Annual review report of the systems, procedures & controls of the Custodian by an expert under Regulation 14 (2) of Custodian Regulations read with Clause 8 of Chapter IV of the Master Circular for Custodians. 3 Audited Annual report along with Net worth certificate under Clause 7 of Chapter IV of the Master Circular for Custodians 4 AI / ML report under Clause 9 (v) of Chapter IV of the Master Circular for Custodians Half-yearly 5 Custodian Quarterly report under Clause 6 of Chapter IV of the Master Circular for Custodians. Quarterly 6 FPI General Information to assess the eligibility under Regulation 4 of FPI Regulations, 2019 7 NRI/OCI/RI requirements under Clause 1(ii) of Part A of Master Circular for FPIs and DDP dated December 19, 2022 8 FPIs are non-compliant with Legal entity identifier requirements under the circular dated July 27, 2023 9 FPIs who have not submitted granular BO details under the circular dated August 24, 2023 10 Details of FPIs granted exemption under circular dated August 24, 2023 11 Change in material information where there is a delay of 6 months as provided under Clause 14(iii) of Part A of the Master Circular for FPIs and DDPs Monthly 12 Report of short sales by FPIs under Clause 4 of Chapter IV of the Master Circular for Custodians. Timelines for submission of reports. These reports shall be submitted by DDPs and Custodians on the SI portal on a monthly, quarterly, half-yearly and annual basis as specified. The monthly and quarterly reports shall be uploaded within 15 calendar days from the end of each month and quarter, respectively. The provisions of this Circular shall come into effect from the month ending February - 2024 onwards Link - View Circular