The Securities and Exchange Board of India (SEBI) on August 19, 2026, notified regarding the Implementation of Section 51A of UAPA, 1967 — Updates to UNSC ISIL (Da'esh) and Al-Qaida Sanctions List.
This SEBI circular directs stock exchanges, depositories, KYC Registration Agencies (KRAs), and registered intermediaries to comply with Section 51A of the UAPA, 1967, which requires them to ensure they do not maintain accounts for individuals or entities named in UN Security Council terrorist sanctions lists. It references Clause 54 of SEBI's AML/CFT Master Circular (June 6, 2024), which mandates this screening obligation for securities market intermediaries.
The circular flags two recent UNSC notifications — SC/16432 (August 13, 2026) and SC/16433 (August 14, 2026) — each amending four entries in the 1267(1999) ISIL (Da'esh) and Al-Qaida Sanctions List, with links provided to the official UN notifications and the consolidated/updated sanctions lists. It also outlines the delisting procedure: requests from regulated entities go to the Joint Secretary (CTCR) at MHA (with a copy to MEA), while affected individuals/entities can apply directly to the UN's independent Ombudsperson for removal from the list.
Finally, the circular instructs all covered market entities to take note of these UNSC updates alongside the Central Government's February 2021 Order on Section 51A implementation procedures, and ensure necessary compliance — i.e., screening their client/account databases against the revised sanctions list entries.
