To,
All Depositories
All Recognised Stock Exchanges
Dear Sir/Madam,
- 1. SEBI vide circular no. SEBI/HO/MIRSD/DoP/P/CIR/2022/44 dated April 04, 2022, issued guidelines regarding execution of ‘Demat Debit and Pledge Instruction’ (DDPI) for transfer of securities towards deliveries / settlement obligations and pledging / re-pledging of securities.
- 2. In view of the representations by and consultations with Broker Associations and Depositories, it has been decided to widen the scope of DDPI to include:
- 2.1. Mutual Fund transactions being executed on Stock Exchange order entry platforms; and
- 2.2. Tendering shares in open offers through Stock Exchange platforms.
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