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Execution of ‘Demat Debit and Pledge Instruction’ (DDPI) for transfer of securities towards deliveries / settlement obligations and pledging / re-pledging of securities – Clarification

Byadmin

Oct 7, 2022 #SEBI

To,

All Depositories

All Recognised Stock Exchanges

Dear Sir/Madam,

  1. 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.
  1. 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:
    1. 2.1. Mutual Fund transactions being executed on Stock Exchange order entry platforms; and
    2. 2.2. Tendering shares in open offers through Stock Exchange platforms.

To Read More….
Click the link below….

Circular : https://www.dropbox.com/s/hzcvp31nkd6it5f/Execution%20of%20%E2%80%98Demat%20Debit%20and%20Pledge%20Instruction%E2%80%99%20%28DDPI%29%20for%20transfer%20of%20securities%20towards%20deliveries%20%20settlement%20obligations%20and%20pledging%20%20re-pledging%20of%20securities%20-%20Clarification.pdf?dl=0

By admin

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