Measure for ease of doing business - Settlement of Account of Clients who have not traded in the last 30 days

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..... aded in the last 30 days 1. SEBI, vide Circular no. SEBI/HO/MIRSD/DOP/P/CIR/2021/577 dated June 16, 2021 (hereinafter mentioned as Circular ) and Clause 47 of Master Circular for Stock Brokers dated August 09, 2024 (hereinafter mentioned as Master Circular ), issued guidelines regarding settlement of running account of client s funds by stock brokers. 2. Currently, in terms of clause 5.4 of the Ci .....

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..... afeguard the investors interest, it has been decided to revise the requirement of mandatory settlement of such clients funds. Accordingly, it has been decided that the funds of such clients who have not traded in last 30 calendar days shall be settled on the upcoming settlement dates of monthly running account settlement cycle as notified by Exchanges in the annual calendar issued by them from tim .....

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..... ontinue to be done by the Trading member as per the preference of quarterly/monthly as indicated by the client for running account settlement. 5. The provisions of this circular shall come into force with immediate effect. 6. Stock Exchanges shall: 6.1. bring the provisions of this circular to the notice of their members and also disseminate the same on their websites; 6.2. make necessary amendmen .....

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