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of <h1>SEBI Requires Direct Credit of Securities to Clients' Demat Accounts by October 2024 for Improved Efficiency and Security.</h1> The Securities and Exchange Board of India (SEBI) mandates that securities payouts be credited directly to clients' demat accounts to enhance operational efficiency and reduce risk. This requirement, effective October 14, 2024, follows extensive consultations and amendments to existing processes. Clearing Corporations (CCs) will facilitate this direct crediting and handle unpaid securities and funded stocks under margin trading. The circular outlines procedures for handling internal shortages through auctions and specifies that these provisions do not apply to clients with custodial arrangements. Implementation standards will be developed by the Broker's Industry Standards Forum by August 5, 2024.
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