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<h1>SEBI Expands DDPI Scope to Include Mutual Fund Transactions and Open Offer Shares, Replacing Some PoA Provisions.</h1> The Securities and Exchange Board of India (SEBI) issued a circular to clarify the execution of the Demat Debit and Pledge Instruction (DDPI) for transferring securities for settlement obligations and pledging. The scope of DDPI is expanded to include mutual fund transactions on stock exchange platforms and tendering shares in open offers. Amendments to the previous circular include modifications to ensure transparency and simplicity, with DDPI replacing certain provisions of the Power of Attorney (PoA). The circular mandates stock exchanges and depositories to inform clients and update regulations accordingly, effective from November 18, 2022.