The Securities and Exchange Board of India (SEBI) on February 14, 2025, issued a circular regarding the revised timelines for issuance of Consolidated Account Statement (CAS) by Depositories.
Para 1.24 of Chapter 1 of SEBI Master Circular for Depositories dated December 3, 2024 prescribes the modalities for issuance of ‘Consolidated Account Statement (CAS) for all securities assets’.
The following paras have been modified:
• Para 1.24.5 of the Master Circular stands revised as under:
The CAS shall be generated on a monthly basis. The AMCs /MF-RTAs shall provide the data with respect to the common PANs to the depositories within five (5) days from the month end. The depositories shall then consolidate and dispatch the CAS to investors that have opted for delivery via electronic mode, within twelve (12) days from the month end and to investors that have opted for delivery via physical mode, within fifteen (15) days from the month end.
• Para 1.24.12 of the Master Circular stands revised as under:
If there is any transaction in any of the demat accounts of the investor or in any of his mutual fund folios, then CAS shall be sent to that investor through email on monthly basis. In case there is no transaction in any of the mutual fund and demat accounts then CAS with holding details shall be sent to the investors by email on half yearly basis. In respect of half-yearly CAS, the AMCs/MF-RTAs shall provide the data with respect to the common PANs to the depositories on or before eighth(8th) day of April and October every year. The depositories shall then consolidate and dispatch the CAS to investors that have opted for delivery via electronic mode, on or before the eighteenth (18th) day of April and October and to investors that have opted for delivery via physical mode, on or before the twenty-first (21st) day of April and October. However, where an investor does not wish to receive CAS through email, option shall be given to the investor to receive the CAS in physical form at the address registered with the Depositories and the AMCs/MF-RTAs.
The circular shall be effective from May 14, 2025.
[Circular No. SEBI/HO/MRD/PoD1/CIR/P/2025/16]
