Implementation of Circular on ‘Execution of ‘Demat Debit and Pledge Instruction’ (DDPI) for transfer of securities towards deliveries / settlement obligations and pledging / re-pledging of securities’ - Extension
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Demat Debit and Pledge Instruction extension delays implementation; exchanges must notify members and update websites under regulatory powers. SEBI extends the implementation timeline for the Demat Debit and Pledge Instruction (DDPI) regime for transfers of securities for deliveries/settlement obligations and pledging/re pledging, postponing the prior commencement date to allow depositories additional time to complete system changes. Stock Exchanges and Depositories must notify members/participants and publish the extension on their websites; the directive is issued under SEBI's statutory powers to protect investors and regulate the securities markets.
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.
Demat Debit and Pledge Instruction extension delays implementation; exchanges must notify members and update websites under regulatory powers.
SEBI extends the implementation timeline for the Demat Debit and Pledge Instruction (DDPI) regime for transfers of securities for deliveries/settlement obligations and pledging/re pledging, postponing the prior commencement date to allow depositories additional time to complete system changes. Stock Exchanges and Depositories must notify members/participants and publish the extension on their websites; the directive is issued under SEBI's statutory powers to protect investors and regulate the securities markets.
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