Implementation of Circular on “Margin obligations to be given by way of Pledge / Re-pledge in the Depository System “

NOTICE

31st August, 2020

Sub :  Implementation of Circular on “Margin obligations to be given by way of Pledge / Re-pledge in the Depository System “

Further to Exchange’s Notice dated 25th August, 2020, members are hereby requested to close all existing Demat Accounts tagged as “Client Margin / Collateral” with immediate effect. Members are advised to transfer securities to following TM/CM Client Securities Pledge Accounts for getting margin benefit :-

Depository

DP id

Client id

NSDL

IN305082

10034744

CDSL

13061700

00013322

Members are requested to note that they are also prohibited from holding any Client Securities in any BO (Beneficial  Owner) Account of their clients other than securities tagged account as stated in the SEBI Circular Nos. SEBI/HO/MIRSD/DOP/CIR/P/2020/28 and SEBI/HO/MIRSD/DOP/CIR/ P/2020/88 dated 25th February, 2020 and 25th May, 2020 respectively. 

Members are further requested to strictly follow  SEBI Circular Nos. SEBI/HO/ MIRSD/DOP/CIR/P/2020/28 and SEBI/HO/MIRSD/DOP/CIR/P/2020/88 dated 25th February, 2020 and 25th May, 2020 respectively for pledging  /  re-pledging  of securities for margin purpose.

 

Amit Santra

Manager (Surveillance & Securities)