SEBI extends implementation of guidelines on ‘Pledging and Re-pledging of Stocks for Margin Purposes’ till 01.09.2022

The SEBI has received representation from Depositories for the extension of circular no. SEBI/HO/MIRSD/DoP/P/CIR/2022/44 dated 04.04.2022 w.r.t guidelines for execution of ‘Demat Debit and Pledge Instruction’ for transfer of securities towards deliveries / settlement obligations and pledging / re-pledging of securities. Accordingly, SEBI has decided to extend the implementation date of the aforesaid circular to 01.09.2022. Earlier, circular was to come into effect from 01.07.2022.The SEBI has received representation from Depositories for the extension of circular no. SEBI/HO/MIRSD/DoP/P/CIR/2022/44 dated 04.04.2022 w.r.t guidelines for execution of ‘Demat Debit and Pledge Instruction’ for transfer of securities towards deliveries / settlement obligations and pledging / re-pledging of securities. Accordingly, SEBI has decided to extend the implementation date of the aforesaid circular to 01.09.2022. Earlier, circular was to come into effect from 01.07.2022.taxmann.com Latest Statutory HappeningsRead More

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