This has reference to SEBI Circular No. SEBI/HO/MIRSD/MIRSD-PoD1/P/CIR/2024/75 dated June 05, 2024 (BSE Notice No. 20240605-64 dated June 5, 2024) on the subject “Enhancement of operational efficiency and Risk Reduction - Pay-out of securities directly to client demat account”. As per said circular, securities for pay-out shall be credited directly to the respective client’s demat account by the Clearing Corporations (CCs).
In this regard, ICCL vide Notice No 20240902-8 dated September 02,2024 and NCL vide Circular No. NCL/CMPT/63669 dated August 30, 2024 have provided detailed guidelines including standard operating guidelines of ‘Pay-out of securities directly to client demat account’.Trading members are advised to strictly comply with the provisions of aforesaid CCs circular applicable to them.
In case of any clarifications, members may contact us on details given as under:
For and on behalf of BSE Ltd.
Hiteshkumar Desai Sandeep Sharma
General Manager Asst. General Manager
Broker Supervision Broker Supervision
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