New Delhi, Jan 25 (PTI) Markets regulator Sebi on Thursday streamlined the reporting requirements for designated depository participants and custodians.

The decision has been taken after reviewing various reports submitted by the Designated Depository Participants (DDPs) and custodians in order to have uniform compliance standards, for ease of compliance reporting and for regulatory purposes.

Also Read | How Are the Tableaux Selected for Republic Day? Know More About the Visual Ode to the Rich Tapestry of India’s Diversity That Glides Down Kartavya Path or Rajpath on January 26.

In a circular, the Securities and Exchange Board of India (Sebi) said that reports about Foreign Portfolio Investors (FPIs) non-compliant with legal entity identifier requirements and FPIs who have not submitted granular beneficial ownership details should be submitted on a quarterly basis.

Various other reports also need to be submitted to the regulator.

Also Read | 75th Republic Day 2024 Theme: Significance of January 26 in India and Republic Day Themes for the Last Five Years.

Sebi has provided the reporting requirements along with periodicity in the circular.

The reports should be on monthly, quarterly, half-yearly and annual basis as specified by the regulator.

"The monthly and quarterly reports shall be uploaded within 15 calendar days from the end of each month and quarter, respectively," the circular said, adding that the new provisions will be effective from the month ending February.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)