Description

BSE forwards SEBI communication regarding UNSC Committee's amendment of 17 entries in the ISIL (Da'esh) and Al-Qaida Sanctions List (SC/16352 dated April 28, 2026), requiring members to scan all accounts and ensure compliance under Section 51A of UAPA, 1967.

Summary

BSE has forwarded a SEBI communication regarding updates to the United Nations Security Council (UNSC) 1267/1989 Committee’s ISIL (Da’esh) and Al-Qaida Sanctions List. The update, per UNSC note SC/16352 dated April 28, 2026, involves amendments to 17 entries. All securities market intermediaries are directed to scan existing and future accounts against the updated list and comply with the implementation framework under Section 51A of the Unlawful Activities (Prevention) Act, 1967.

Key Points

  • UNSC Committee issued note SC/16352 on April 28, 2026, amending 17 entries in the ISIL (Da’esh) and Al-Qaida Sanctions List
  • SEBI has directed BSE members to comply with Section 51A of UAPA, 1967 as per the Central Government Order dated February 02, 2021
  • Members must scan all existing accounts and apply checks to future accounts for any linkage to sanctioned individuals or entities
  • De-listing requests must be forwarded to Joint Secretary (CTCR), MHA and a copy to MEA Joint Secretary (UNP)
  • Individuals seeking removal from the sanctions list may approach the UN-appointed independent Ombudsperson
  • Updated sanctions list is also available on the SEBI website under “Media and Notifications” > “UNSC Sanctions Committee List”

Regulatory Changes

Amendment of 17 entries in the UNSC 1267/1989 ISIL (Da’esh) and Al-Qaida Sanctions List as notified via SC/16352 dated April 28, 2026. The relevant sanctions lists are maintained at:

Compliance Requirements

  • Account Scanning: Scan all existing accounts to ensure no account is held by or linked to any entity or individual on the updated sanctions list; apply the same check to all future accounts
  • Regulatory Reference: Follow SEBI’s “Guidelines on AML Standards and CFT / Obligations of Securities Market Intermediaries under PMLA, 2002” dated June 06, 2024 (clause 54)
  • De-listing Requests: Forward any de-listing requests electronically to:
  • Regular Monitoring: Visit the SEBI website regularly for ongoing updates to the UNSC Sanctions List
  • Ombudsperson Process: Inform affected individuals/entities that delisting requests can be submitted to the UN-appointed Ombudsperson at https://www.un.org/securitycouncil/ombudsperson/application

Important Dates

  • April 28, 2026: UNSC note SC/16352 issued — amendment of 17 entries effective
  • April 30, 2026: BSE notice issued; compliance obligations apply immediately
  • February 02, 2021: Central Government Order governing Section 51A UAPA implementation (reference date)
  • June 06, 2024: SEBI AML/CFT Guidelines (clause 54) referenced for account-scanning obligations

Impact Assessment

This is a routine but legally mandatory compliance update affecting all securities market intermediaries registered with BSE. The operational impact involves updating internal account screening processes against the revised UNSC sanctions list. Non-compliance carries significant legal exposure under the Unlawful Activities (Prevention) Act, 1967 and the Prevention of Money Laundering Act, 2002. There is no direct impact on trading, pricing, or listed securities. Intermediaries with robust AML/KYC systems should be able to absorb this update with minimal operational disruption. Firms should prioritise rescreening their full client base against the 17 amended entries promptly.

Impact Justification

Routine but mandatory compliance circular requiring all securities market intermediaries to scan accounts against an updated UNSC sanctions list; no market-wide trading or listing impact, but non-compliance carries significant legal risk under UAPA and PMLA.