BSE issued a notification regarding the Rollback of direct client payout implementation

Nov 13, 2024 | by TeamLease RegTech Legal Research Team

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Secretarial ComplianceThe Bombay Stock Exchange (BSE), on November 12, 2024, issued a notification regarding the Rollback of direct client payout implementation.

The implementation of direct payout of securities to client demat accounts, initially scheduled to go live on November 11, 2024, has been postponed due to minor delays in the new settlement system. Securities payouts will instead be credited to the clearing members' pool accounts starting with auction settlement number 2425754 and normal settlement number 2425755, until further notice. The revised go-live date will be communicated later.

[Notification No. 20241112-19]


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