Compulsory dematerialisation for rolling settlement required; exchanges must ensure depository connectivity and submit compliance reports. Compulsory dematerialisation requires securities not already in rolling settlement to be brought within the rolling settlement framework by the implementation date; stock exchanges must ensure affected issuers establish connectivity with both depositories by the specified deadline and submit a compliance report to the regulator by the prescribed reporting date, imposing supervisory duties on exchanges and operational connectivity obligations on issuers to enable dematerialised trading and settlement.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Compulsory dematerialisation for rolling settlement required; exchanges must ensure depository connectivity and submit compliance reports.
Compulsory dematerialisation requires securities not already in rolling settlement to be brought within the rolling settlement framework by the implementation date; stock exchanges must ensure affected issuers establish connectivity with both depositories by the specified deadline and submit a compliance report to the regulator by the prescribed reporting date, imposing supervisory duties on exchanges and operational connectivity obligations on issuers to enable dematerialised trading and settlement.
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