The National Stock Exchange (NSE) on November 08, 2024, notified regarding the Enhancement of operational efficiency and Risk Reduction - Pay-out of securities directly to client demat account.
The NSE circular which provided guidelines on the direct payout of securities to client demat accounts under point 14(v) of NCL’s Standard Operating Guidelines (Annexure 1 of NCL/CMPT/63669 dated August 30, 2024), has been revised. Following an NCL circular that introduces a new procedure for handling pay-in shortages via auction, the previous guideline in point 14(v) has been removed. Until the new procedure’s implementation, the existing internal auction process will continue as outlined in NCL/CMPT/64464 dated October 9, 2024.
[Notification No. NSE/INSP/64996]
