SEBI vide circular dated November 25, 2022 has extended the timelines for implementation of prior SEBI circulars.
The Securities and Exchange Board of India vide circular dated 6th October 2022, widened the scope of Demat Debit and Pledge Instruction to include Mutual Fund transactions being executed on Stock Exchange order entry platforms; and Tendering shares in open offers through Stock Exchange platforms. The provisions of the same were to come into effect from November 18, 2022. The date of commencement is hereby extended to January 20, 2023.
The Securities and Exchange Board of India on 19th September 2022, notified a new framework on Validation of Instructions for Pay-In of Securities from Client demat account to Trading Member (TM) Pool Account against obligations received from the Clearing Corporations. The provisions of the same were to come into effect from November 25, 2022. The date of commencement is hereby extended to January 27, 2023.
