The Securities and Exchange Board of India (SEBI), on October 10, 2024, issued a notification regarding the Clarification with regard to usage of 3 – in – 1 type accounts for making an application in public issue of securities.
The SEBI circular clarifies the use of 3-in-1 accounts (linked online trading, demat, and bank accounts) for submitting bid-cum-application forms in public issues of debt securities, non-convertible redeemable preference shares, municipal debt securities, and securitised debt instruments. This is in addition to the existing modes of application specified in SEBI's Master Circular dated May 22, 2024. The clarification ensures that investors can continue using 3-in-1 accounts, promoting investor convenience while adhering to the relevant SEBI regulations. The circular is issued to protect investor interests and support market development.
[Notification No. SEBI/HO/DDHS/DDHS-PoD-1/P/CIR/2024/142]
