SEBI has revised the requirement for mandatory settlement of ...

SEBI Updates Rules: Inactive Client Funds Must Be Returned on Monthly Settlement Date, Not After 30 Days.

January 7, 2025

Circulars SEBI

SEBI has revised the requirement for mandatory settlement of client funds who have not traded in the last 30 calendar days. Such clients' entire credit balance shall now be returned by the Trading Member on the upcoming settlement dates of the monthly running account settlement cycle as notified by Exchanges, instead of within three working days after 30 days of inactivity. However, if the client trades before the upcoming monthly settlement, the settlement shall continue as per the client's preference for quarterly/monthly cycle. The provisions are effective immediately to facilitate ease of doing business while safeguarding investor interests.

View Source

← Previous Next →

SEBI has revised the requirement for mandatory settlement of ...

SEBI Updates Rules: Inactive Client Funds Must Be Returned on Monthly Settlement Date, Not After 30 Days.

January 7, 2025

Circulars SEBI

You may also like:

SEBI revised timelines for Consolidated Account Statement (CAS) issuance by depositories. Effective May 14, 2025, AMCs/MF-RTAs must provide monthly common PAN data to...

SEBI has mandated the implementation of MITRA (Mutual Fund Investment Tracing and Retrieval Assistant), a service platform jointly hosted by QRTAs CAMS and KFIN...

The Reserve Bank of India (RBI) has discontinued the requirement for Authorized Dealer Category-I (AD Category-I) banks to submit a monthly return on the Liberalised...

SEBI issued circular mandating standardized Most Important Terms and Conditions (MITC) for Research Analysts (RAs), effective immediately. RAs must disclose these terms...

SEBI has extended the timeline for submission of offsite inspection data by mutual funds from 10 to 15 calendar days from the end of each quarter. This modification to...

AT partially upheld SEBI's order against a registered stockbroker for misuse of client funds and providing excess exposure beyond T+2+5 days. The broker misutilized...

SEBI issued a circular mandating direct payout of securities to client demat accounts for operational efficiency and risk reduction. The circular, effective from October...

SEBI mandates Investment Advisers (IAs) to incorporate standardized Most Important Terms and Conditions (MITC) into client agreements. IAs must accept only advisory...

The circular issued by the Securities and Exchange Board of India (SEBI) on March 12, 2024, addresses the need for simplification and streamlining of Scheme Information...

SEBI has modified the requirement for AMCs to upload draft Scheme Information Documents (SIDs) on SEBI's website. Previously, draft SIDs had to be uploaded for 21...

SEBI has issued a circular to provide flexibility to Foreign Portfolio Investors (FPIs) in dealing with their securities post-expiry of their registration. Amendments to...

NCLAT addressed the computation of limitation periods for filing appeals under IBC. The tribunal held that while the 30-day limitation period under Section 61 can be...

SEBI issued updated Investor Charter for stock brokers, effective immediately, replacing previous circular from December 2021. Key changes include enhanced financial...

SEBI has issued a Master Circular dated August 04, 2023, revising guidelines for the Investor Protection Fund (IPF) and Investor Services Fund (ISF) for stock exchanges...

The case involved the invocation of Section 5 by the Petrol Taxation Officer (PTO) regarding Escaped Assessments and the requirement of Monthly vs. Annual Assessments....

Quick Updates: