Delivery Instruction Slip transition rules allow limited transit acceptance of old slips and require DP notification to holders. The circular directs depositories and Depository Participants to strengthen supervision of Delivery Instruction Slip (DIS) issuance and processing: DPs must inform Beneficial Owners that old DIS cannot be used after receipt of new DIS, permit a limited transit acceptance period for old DIS, publish and communicate the requirements, amend bye-laws as necessary, and report implementation status to the regulator.
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Provisions expressly mentioned in the judgment/order text.
Delivery Instruction Slip transition rules allow limited transit acceptance of old slips and require DP notification to holders.
The circular directs depositories and Depository Participants to strengthen supervision of Delivery Instruction Slip (DIS) issuance and processing: DPs must inform Beneficial Owners that old DIS cannot be used after receipt of new DIS, permit a limited transit acceptance period for old DIS, publish and communicate the requirements, amend bye-laws as necessary, and report implementation status to the regulator.
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