SEBI widens the scope of DDPI by including mutual fund transactions in its ambit
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- Last Updated on 10 October, 2022
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Circular no. SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2022/137, dated: 06.10.2022
Earlier, the SEBI vide circular no. SEBI/HO/MIRSD/DoP/P/CIR/2022/44, dated April 4, 2022 had issued the guidelines regarding execution of Demat Debit and Pledge Instruction (DDPI) for transfer of securities towards deliveries/settlement obligations and pledging/re-pledging of securities.
Now, the SEBI has decided to widen the scope of DDPI to include Mutual Fund transactions executed on Stock Exchange’s order entry platforms and tendering shares in open offers through Stock Exchange platforms in its ambit.
Further, Stock Exchanges and Depositories are directed to bring the provisions of this circular to the notice of their members/participants and also disseminate the same on their websites. Also, directed to ensure that existing clients are made aware of the availability of the facility for the execution of DDPI, through letters/SMS/emails. This circular shall be applicable from 18.11.2022.
Click Here To Read The Full Circular
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