To
All Members/Participants,
On 23rd June 2023, SEBI had issued circular on “Trading Supported By Blocked Amount In Secondary Market” (Circular reference no. SEBI/HO/MRD/MRD-PoD-2/P/CIR/2023/99)
- As part of implementation of the said circular, following circulars have been issued Post deliberation among all MIIs, standard operating procedures was disseminated to members via notice no 20231012-57 on12th Oct 2023.
- Member API Specification for UPI Mechanism was disseminated to member via notice no 20231116-51 on 16th Nov 2023.
- NPCI Reference Document for members to connect to UPI Block Mechanism functionality was issued via notice no. 20231116-52 on 16th Nov 2023.
- For Member API Testing purpose ‘Test Environment’ details were issued to members via notice no 20231130-61 on 30th Nov 2023.
- Separate guidelines on collection of ‘TM Charges’ from clients opting for UPI functionality have been disseminated to member via notice no 20231228- 28 on 28th Dec 2023.
- Member API PROD implementation process have been disseminated to members via notice no 20231228- 31 on 28th Dec 2023.
Importantly, ICCL would like to urge to all our members to comply with circular issued by both Depositories (NSDL & CDSL) guiding & directing on “CUSPA” maintenance.
Both the circulars are issued by NSDL & CDSL are attached herewith for your ready reference.
Members are requested to take note of the contents of this Circular & all related circulars issued previously in order to comply with the same.
For and on behalf of the Indian Clearing Corporation Limited.
Akshat Chaturvedi Mrunal Amberkar
General Manager Senior Manager
Operations Operations
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