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| NOTICES |
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| Notice No. |
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20220727-5 |
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Notice Date |
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27 Jul 2022 |
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| Category |
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Compliance |
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Segment |
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General |
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| Subject |
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Reminder for Naming/Tagging of demat accounts maintained by Stock Brokers |
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| Content |
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This has reference to SEBI circular no. SEBI/HO/MIRSD/MIRSD_DPIEA/P/CIR/2022/83 dated June 20, 2022, Exchange notice no. 20220621-1 dated June 21, 2022, and Reminder as per Exchange notice no. 20220628-53 dated June 28, 2022 on the subject “Naming/Tagging of demat accounts maintained by Stock Brokers”, wherein it was inter-alia prescribed that all demat accounts of stock brokers which are untagged need to be appropriately tagged by June 30, 2022.
SEBI Circular no. SEBI/HO/MIRSD/ MIRSD_DPIEA/P/CIR/2022/83 dated June 20, 2022 on “Naming / Tagging of demat accounts maintained by Stock Brokers” also states that –
- Credit of securities are not allowed by depositories in any demat account of member that is left untagged from July 01, 2022 onwards except credits on account of corporate actions, which shall be permitted.
- Debit of securities shall also not be allowed by depositories in any demat account of member that is left untagged from August 01, 2022.
In view of the above, members are reminded to comply with the provisions of the Notice mentioned above within the prescribed timeline.
For and on behalf of BSE Ltd.
Sandeep Sharma Prashant Sindhwad
Asst. General Manager Manager
Brokers’ Supervision Brokers’ Supervision |
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