This has reference to the Exchange notice nos. 20240911-56 dated September 11, 2024, 20241004-58 dated October 4, 2024 and 20241111-6 dated November 11, 2024 on the subject “Enhancement of operational efficiency and Risk Reduction - Pay-out of securities directly to client demat account” wherein it was mentioned that ICCL and NCL vide their various circulars have provided detailed guidelines including standard operating guidelines of ‘Pay-out of securities directly to client demat account’ and Trading Members have been advised to comply with provisions of said circulars of Clearing Corporations (CC) applicable to them.
Further to the above, ICCL vide notice no. 20250214-69 dated February 14, 2025 and NCL vide circular no. NCL/CMPT/66688 dated February 14, 2025, have informed implementation timeline and other clarifications including revision in point no. 14 of their standard operating guidelines pertaining to “Auction for Internal shortages”
Members are requested to take note of the contents of the CCs circulars dated February 14, 2025 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
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