SEBI Releases Draft Circular on ‘Pay-out of Securities Directly to Client Demat Account for Operational Efficiency’
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- Last Updated on 13 May, 2024
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Draft Circular No. SEBI/HO/MIRSD/MIRSD-PoD1/P/CIR/2024/XXX, Dated 05.2024
With an objective to enhance operational efficiency and reduce the risk to clients’ securities, SEBI, through its draft circular on ‘Enhancement of operational efficiency and Risk Reduction – Pay-out of securities directly to client demat account’, has deliberated to make the process of direct payout of securities to the client account mandatory. The comments/suggestions should be submitted latest by May 30, 2024.
Click Here To Read The Full Circular
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