BSE issued the notification regarding the

Nov 12, 2024 | by TeamLease RegTech Legal Research Team

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Secretarial Compliance The Bombay Stock Exchange (BSE) on November 11, 2024, issued the notification regarding the Enhancement of operational efficiency and Risk Reduction - Pay-out of securities directly to client demat account.

The following has been stated namely: -

• ICCL shall be identifying pay-in shortages and conducting auction of behalf of the member for such shortages.

• The revised procedure shall be implemented with implementation of ‘Direct Pay-Out’ to clients i.e. from Trade Date November 08, 2024 and Settlement Date November 11, 2024 onwards.

[Notification No. 20241111-6]

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