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

Mandatory Settlement of Inactive Clients' Funds Revised: Entire Credit Balance to be Returned on Monthly Settlement Date.

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.

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

Mandatory Settlement of Inactive Clients' Funds Revised: Entire Credit Balance to be Returned on Monthly Settlement Date.

January 7, 2025

Circulars SEBI

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