BSE issued a notification regarding Standard Operating Process under SEBI (PIT) Regulations, 2015 for ensuring compliance with Structured Digital Database (SDD)

Jan 25, 2023 | by TeamLease RegTech Legal Research Team

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Secretarial ComplianceThe Bombay Stock Exchange (BSE), issued a notification regarding Standard Operating Process under SEBI (PIT) Regulations, 2015 to ensure compliance with Structured Digital Database (SDD).

The companies are advised to note the following-

1)      The listed entities to whom the provisions of Regulation 24A of SEBI(LODR) Regulations, 2015 are applicable, the Secretarial Auditor of those entities shall also specifically confirm compliance with the requirement of SDD by the listed entities in its Annual Secretarial Audit Report. Listed companies are advised to bring to the knowledge of their Secretarial Auditor the above requirement.

2)      Exchange circular no. 20221104-37 dated November 04, 2022, specifies the consequences of non-compliance with Reg 3(5) and 3(6) of SEBI (PIT) Regulations, 2015 states as under:

“Under the “Get Quote” page of the Exchange Website of the Listed Entity, wherever listed, would display that the company is non-compliant with SDD, from the next trading day till the Exchanges have satisfactorily verified that the company has completely complied.”

It is clarified that in addition to the above, the name of the compliance officer will also be displayed on the “Get Quote” page of the Exchange website where the above information is disseminated.

The circular shall be effective immediately.

[Notification No. 20230125-9]


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