The National Stock Exchange (NSE) on February 20, 2025, issued a circular regarding the enhancement of operational efficiency and Risk Reduction - Pay-out of securities directly to client demat account.
The following has been stated: -
•This notice refers to previous circulars on "Pay-out of securities directly to client demat accounts," emphasizing compliance with guidelines from NCL and ICCL.
•It highlights updates from NCL and ICCL on the implementation timeline and changes to "Auction for Internal shortages." Members are instructed to adhere to these updated circulars dated February 14, 2025.
•Compliance with these provisions is required.
The detailed circular is given in the document below.
[Circular Ref. No:11/2025]
