SEBI Mandates Email as Default Mode for Dispatching CAS and Holding Statements by Depositories, MF-RTAs, and DPs
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Circular No. SEBI/HO/MRD-PoD2/CIR/P/2024/93, Dated: 01.07.2024
Considering the increasing reach of digital technology and to streamline the regulatory guidelines on the mode of dispatch of account statements, SEBI has decided to revisit the regulatory provisions and provide for email as a default mode of dispatch for Consolidated Account Statement (CAS) by Depositories, Mutual Fund –Registrar and Transfer Agents (MF-RTAs) and holding statement by Depositories Participant (DP). Accordingly, modifications have been notified in a circular dated 06.10.2023.
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