|
|
|
|
  |
| NOTICES |
|
| Notice No. |
|
20241111-6 |
|
Notice Date |
|
11 Nov 2024 |
|
| Category |
|
Compliance |
|
Segment |
|
General |
|
| Subject |
|
Enhancement of operational efficiency and Risk Reduction - Pay-out of securities directly to client demat account |
|
|
|
|
|
| Content |
|
|
This has reference to the Exchange notice no. 20241004-58 dated October 4, 2024 on the subject “Enhancement of operational efficiency and Risk Reduction - Pay-out of securities directly to client demat account” wherein Exchange has provided guideline in accordance with point 14 (v) of Annexure 1 “Standard Operating Guidelines - Payout of securities directly to client demat accounts” of ICCL Notice No. 20240902-8 dated September 2, 2024 and NCL Circular download ref. no. NCL/CMPT/63669 dated August 30, 2024.
ICCL notice no. 20241106-45 dated November 6, 2024 informed that ICCL shall be identifying pay-in shortages and conducting auction of behalf of the member for such shortages. The revised procedure shall be implemented with implementation of ‘Direct Pay-Out’ to clients i.e. from Trade Date 8th Nov 2024 & Settlement Date 11th Nov 2024 onwards.
In view of the aforesaid revision in the ICCL notice no. 20240902-8 dated Sep 02, 2024, members are requested to note that guideline provided by the Exchange in aforesaid BSE notice no. 20241004-58 dated October 4, 2024 stands removed.
Members are requested to take note of the contents of the circular and comply.
In case of any clarification required you may contact:
For and on behalf of BSE Ltd.
Sandeep Sharma Kaustubh Mundada
Asst. Gen. Manager Asst. Gen. Manager
Member Oversight Member Oversight
|
|