Extension of timeline for implementation of SEBI Circular SEBI/HO/MIRSD/MIRSD-PoD1/P/CIR/2024/75 dated June 05, 2024

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... lementation of SEBI Circular SEBI/HO/MIRSD/MIRSD-PoD1/P/CIR/2024/75 dated June 05, 2024 1. In order to protect client s securities as part of enhancement of operational efficiency and risk reduction, SEBI vide circular SEBI/HO/MIRSD/MIRSD-PoD1/P/CIR/2024/75 dated June 05, 2024 mandated pay-out of securities directly to the client s demat account. The circular was to come in to effect from October .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... embers / participants and also disseminate the same on their websites; 3.2. put in place appropriate systems and procedures to ensure compliance of the provisions of this circular; 3.3. make necessary amendments to the relevant Bye-laws, Rules and Regulations for the implementation of the above decision; 4. This circular is issued in exercise of powers conferred under Section 11(1) of Chapter IV o .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X