Implementation of Circular on ‘Margin obligations to be given by way of Pledge / Re-pledge in the Depository System’ – Extension.

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..... Sir, Subject: Implementation of Circular on Margin obligations to be given by way of Pledge / Re-pledge in the Depository System Extension. 1. SEBI, vide circular no. SEBI/HO/MIRSD/DOP/CIR/P/2020/28 dated February 25, 2020, specified guidelines with regard to Margin obligations to be given by way of Pledge/ Re-pledge in the Depository System. The provisions of this circular were to .....

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..... of margin by TM / CM in respect of securities held in the demat account of the client, shall be applicable from June 01, 2020. 4. Further, with regard to paragraph 4 of annexure A regarding confirmation from the client / pledgor through OTP on mobile number / registered e-mail id or other verifiable mechanism, it is clarified that such confirmation shall be required only once from the client / .....

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