The Securities and Exchange Board of India (SEBI) on January 03, 2024, issued a circular regarding the Implementation of Section 35relating to the amendment to the schedule and further Designation of 2 individuals as ‘Terrorists’ under Section 35 (1) (a) of the Unlawful Activities (Prevention) Act, 1967 and their listing in the Schedule IV of the Act
The following has been stated namely: -
• This has a reference to the ‘Guidelines on AntiMoney Laundering (AML) Standards and Combating the Financing of Terrorism (CFT) / Obligations of Securities Market Intermediaries under the Prevention of Money Laundering Act, 2002 and Rules dated Feb 03, 2023
• It further states that the Gazette notification/s of the Ministry of Home Affairs in respect of 2 individuals/entities who have been declared as ‘Terrorists/Terrorist Organisations’ and have been listed in Schedule I/IV of the UAPA 1967, under Section 35 of UAPA 1967.
• The Gazette notifications can be downloaded from https://egazette.nic.in/ and are also made available on the SEBI website www.sebi.gov.in on the tab ‘Notifications under Unlawful Activities Prevention Act 1967’ under the head ‘Media’.
• The Gazette IDs and the respective details of individuals/entities have been attached for reference.
• The Stock Exchanges, Depositories, KRAs, AMFI, and Registered Intermediaries are advised to take note of the aforementioned Gazette Notifications for necessary compliance.
