The Bombay Stock Exchange (BSE) on October 10, issued a notification regarding the Enhancement of operational efficiency and Risk Reduction – Operating guidelines for the Pay-out of securities directly to client demat account – CUSPA / CSMFA & Internal Auction Vis-Vis Self Auction – Change In Payout Schedule & Revision In Implementation Date.
The following has been stated: -
•SEBI and ICCL have issued guidelines to enhance operational efficiency and reduce risk in securities payout.
•The guidelines cover direct payout to client demat accounts, CUSPA/CSMFA marking, internal auction vs self-auction, and revised implementation dates.
•SEBI has issued circulars regarding changes to the payout schedule and implementation date of 'Direct Pay-Out to Client'.
•Members/PCMs are required to comply with these guidelines and circulars, with supporting documents provided in Annexures 1 and 2.
The detailed notification is given in the document below.
[Notification No. 20241010-48]
