Description

NSE advises members to implement updates to the UNSC 1267/1989 ISIL (Da'esh) & Al-Qaida Sanctions List following addition of one new entry, in compliance with Section 51A of UAPA, 1967.

Summary

NSE has issued Circular No. NSE/ISC/73600 (Ref. 18/2026) dated April 02, 2026, forwarding a SEBI communication regarding updates to the UNSC 1267/1989 ISIL (Da’esh) & Al-Qaida Sanctions List. One new entry has been added per UNSC Note SC/16325 dated March 30, 2026. All NSE members are required to take note and ensure compliance with Section 51A of the Unlawful Activities (Prevention) Act, 1967.

Key Points

  • UNSC Note SC/16325 (March 30, 2026) adds 1 new entry to the 1267 (1999) sanctions list.
  • The updated sanctions list is accessible on the UN Security Council website.
  • All members must scan existing and future client accounts against the updated list.
  • Action is required under Clause 54 of SEBI’s AML/CFT Master Circular dated June 06, 2024.
  • De-listing requests must be forwarded electronically to Joint Secretary (CTCR), MHA at jsctcr-mha@gov.in with a copy to MEA Joint Secretary (UNP) at jsunp@mea.gov.in.
  • Individuals/entities seeking removal from the sanctions list may apply to the UN-appointed independent Ombudsperson.
  • SEBI publishes ongoing sanctions list updates under “Media and Notifications” > “UNSC Sanctions Committee List” on its website.

Regulatory Changes

  • Addition of 1 entry to the UNSC Committee 1267 (1999) sanctions list (individuals/entities linked to ISIL (Da’esh) and Al-Qaida) effective March 30, 2026.
  • No changes to the 1988 (2011) Taliban sanctions list reported in this circular.

Compliance Requirements

  • Account Screening: Scan all existing client accounts to ensure no account is held by or linked to any listed entity or individual. Apply the same screening to all future accounts.
  • Regulatory Reference: Comply with Clause 54 of SEBI Master Circular on AML Standards and CFT Obligations (dated June 06, 2024) and the Central Government Order dated February 02, 2021 implementing Section 51A of UAPA, 1967.
  • De-listing Requests: Any de-listing requests received must be forwarded electronically to:
  • Ongoing Monitoring: Regularly visit SEBI website for further updates to the UNSC Sanctions Committee List.

Important Dates

  • March 30, 2026: UNSC Note SC/16325 issued; 1 new entry added to 1267 (1999) sanctions list.
  • April 02, 2026: NSE circular issued; compliance action required immediately.
  • June 06, 2024: Date of SEBI Master Circular on AML/CFT referenced for obligations (Clause 54).
  • February 02, 2021: Central Government Order on Section 51A UAPA implementation (ongoing reference).

Impact Assessment

This circular has medium operational impact on NSE members (brokers, intermediaries, and other registered entities). While no specific stock or trading activity is directly affected, members are legally obligated to screen all client accounts against the updated sanctions list immediately. Failure to comply with AML/CFT obligations under SEBI guidelines and UAPA carries significant regulatory and legal consequences. The administrative burden is limited given only one new entry has been added, but the requirement for systematic account screening and ongoing SEBI website monitoring applies to all members universally.

Impact Justification

Mandatory compliance circular requiring all members to scan existing and future accounts against updated UNSC sanctions list; non-compliance with AML/CFT obligations under SEBI Master Circular and UAPA carries significant legal and regulatory risk, but has no direct market or stock-specific impact.