NSE notified regarding the maintenance of clearing member pool accounts in both depositories

Nov 15, 2024 | by TeamLease RegTech Legal Research Team

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Secretarial ComplianceThe National Stock Exchange (NSE) on November 14, 2024, notified regarding the maintenance of clearing member pool accounts in both depositories.

The following has been stated namely: -

• It states that clearing members shall ensure that the depository pool accounts are active in both depositories viz. NSDL and CDSL at all times and shall inform the Clearing Corporation in case of any changes in the account.

• It further states that the maintenance of active pool accounts in both depositories is mandatory even if they have opted for the facility of receiving their payout in their preferred depository. 

[Notification no. - NCL/CMPT/65100]


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