SEBI extends the timelines for implementation of prior SEBI directions on demat accounts of trading members

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.