SEBI Extends Timeline for Compliance With Provisions Relating to Direct Pay-Out of Securities to Client’s Demat Account
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- Last Updated on 15 October, 2024
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Circular No. SEBI/HO/MIRSD/MIRSD-PoD1/P/CIR/2024/136; Dated: 10.10.2024
Earlier, SEBI, vide circular dated June 5, 2024, mandated the pay-out of securities directly to the client’s demat account. The circular was to come into effect from October 14, 2024. In order to ensure the smooth implementation of the pay-out of securities directly to the client’s demat account without any disruption to market players and investors, SEBI has now extended the timeline for implementation of the circular. The circular shall come into effect from November 11, 2024.
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