SEBI Mandates Qualified Stock Brokers to Offer UPI Block Mechanism or 3-in-1 Trading Account Facility to Their Clients
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- Last Updated on 13 November, 2024
Circular No. SEBI/HO/MRD-PoD2/CIR/P/2024/153, Dated: 11.11.2024
Considering the significant changes required to be made in the systems and processes of the Clearing Corporations, Stock Exchanges, Depositories, and Trading Members, SEBI has mandated the Qualified Stock Brokers (QSBs) to provide either the facility of trading supported by blocked amount in the secondary market (cash segment) using UPI block mechanism or the 3-in-1 Trading Account facility, to their clients. The circular will come into effect from 01.02.2025.
Click Here To Read The Full Circular
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