SDD NSE Update 06/06/2023
We would like to bring your attention to Exchange Circular No. NSE/CML/25 dated March 29, 2023, which outlines the Standard Operating Process under SEBI(PIT) Regulations, 2015 for ensuring compliance with Structured Digital Database (SDD). As per the circular, listed entities not covered under Regulation 24A of SEBI(LODR) Regulations, 2015 were required to submit the SDD Compliance certificate on a quarterly basis.
Kindly note that the deadline for submitting the SDD Compliance certificate for the quarter ending on March 31, 2023, was April 21, 2023. However, we have extended the deadline until June 7, 2023, to accommodate any pending submissions.
We would like to emphasize that failure to submit the certificate by the extended deadline will result in non-compliance. In such cases, the following actions will be taken:
- The Get Quote page on the Exchange Website of the Listed Entity, wherever listed, will display a notification stating that the company is non-compliant with SDD, effective from the next trading day. This notification will remain until the Exchanges verify satisfactory compliance.
- The details of the compliance officer will also be displayed on the Get Quote page of the Exchange website, along with the non-compliance notification.
Therefore, we strongly urge your company to submit the Structured Digital Database Compliance certificate latest by June 7, 2023. In case you have already submitted the certificate, kindly provide us with an email copy for our records.
For any queries or clarifications, please contact us at [email protected].