The Bombay Stock Exchange (BSE) on October 04, 2024, notified regarding the enhancement of operational efficiency and Risk Reduction - Pay-out of securities directly to client demat account.
The following has been stated namely: -
• This is in reference to Circular No. NCL/CMPT/63669 dated August 30, 2024, provides standard operating guidelines of ‘Pay-out of securities directly to client demat account’.
• It states that as per point number 14 (V) of Annexure 1 "Standard Operating Guidelines - Pay-out of Securities directly to client demat account" Members are advised to follow the guidelines:
o shortages from unsuccessful internal auctions due to upload issues will be closed out at the specified close-out price,
o if a member fails to report an internal shortage, the cost differential will be borne by the member,
o and CC will provide a report detailing close-out prices for all securities
[Circular no. - 20241004-58]
