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<h1>SEBI Circular: New Rules for Validating Securities Transfers to Trading Members' Accounts Effective November 25, 2022.</h1> The circular issued by SEBI mandates the validation of instructions for the transfer of securities from a client's demat account to a Trading Member's Pool Account, ensuring alignment with obligations from Clearing Corporations. Depositories must validate transfer instructions against client-level net delivery obligations, maintaining a block mechanism for Early Pay-In transactions. The process involves matching details such as UCC, TM ID, and ISIN, with discrepancies leading to rejection or partial processing. This measure, effective from November 25, 2022, aims to protect client securities and ensure compliance, with updates required from exchanges and depositories to SEBI.