Regulation 44 - Instruments eligible for dematerialization
International Financial Services Centres Authority (Market Infrastructure Institutions) Regulations, 2021 Chapter V GENERAL OBLIGATIONS OF A RECOGNISED DEPOSITORY
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Dematerialisation eligibility covers securities and permitted financial products, enabling their holding in recognised depositories in electronic form. Regulation 44 permits all securities defined under the SCRA and other permitted financial products to be held in dematerialised form with a recognised ... Summary
Dematerialisation eligibility covers securities and permitted financial products, enabling their holding in recognised depositories in electronic form.
Regulation 44 permits all securities defined under the SCRA and other permitted financial products to be held in dematerialised form with a recognised depository. Eligibility was broadened with effect from 1 November 2024 by replacing the earlier reference to eligible instruments under the IFSCA Act with other permitted financial products.
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