The National Stock Exchange (NSE) on January 01, 2023, issued a circular regarding the settlement of Running Account of Clients’ Funds lying with Trading Members.
The Members have been seeking clarity with respect to the above applicability provision, it is hereby clarified under consultation with SEBI that the above provision of the SEBI circular SEBI/HO/MIRSD/MIRSDPoD1/P/CIR/2023/197 dated December 28, 2023, shall be applicable from the quarterly & monthly settlement dates of January 05 & 06, 2024 (i.e. first Friday & Saturday of the Quarter January-March 2024 & first Friday & Saturday of the month January 2024) & onwards.
[Circular No. 01/2023]
