SEBI notifies the Capital and Debt Market services that shall remain functional
In
its order no. 40-3/2020-DM-I(A) and the guidelines dated 24 March 2020, the Ministry
of Home Affairs, inter alia, stated that all commercial and private
establishments shall be closed down except for capital and debt market services
as shall be notified by the Securities and Exchange Board of India (“SEBI”).
(The details of the order and the guidelines can be accessed here)
Pursuant
to the above mentioned order, SEBI, on 24 March 2020, notified vide Circular
No.: sebi/covid-19/2020/01, that the head/regional/local
offices of SEBI shall remain functional with a minimum number of employees.
The
notification, further, listed the entities which shall be considered as
providing capital and debt market services under the above order and shall
remain functional, as follows:
1.
Recognised
Stock Exchanges,
2.
Recognised
Clearing Corporations,
3.
Depositories,
4.
Custodians,
5.
Mutual
Funds,
6.
Asset
Management Companies,
7.
Stock
Brokers,
8.
Trading
Members,
9.
Clearing
Members,
10.
Depositories
Participants,
11.
Registrar
and Share Transfer Agents,
12.
Credit
Rating Agencies,
13.
Debenture
Trustees,
14.
Foreign
Portfolio Investors,
15.
Portfolio
Managers,
16.
Alternative
Investment Funds,
17.
Investment
Advisers,
18.
Any
other entities and regulated activities as notified by SEBI.