Margin pledge invocation cum sale: depositories to enable single instruction pledge release and early pay in functionality for pledged securities. Depositories must implement an automated single instruction mechanism-'pledge release for early pay in'-to release pledges and set early pay in blocks when clients sell margin pledged securities, subject to pay in validation by clearing corporations. Invoked securities (except non exchange mutual fund units) will be blocked for early pay in with an audit trail in the TM/CM's pledge account; invoked non exchange MF units will be moved and auto redeemed via an 'invocation cum redemption' facility. TM/CMs must ensure same day pay in where client trading privileges are frozen. Amendments take effect September 05, 2025, with operating guidelines by July 01, 2025.
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.
Margin pledge invocation cum sale: depositories to enable single instruction pledge release and early pay in functionality for pledged securities.
Depositories must implement an automated single instruction mechanism-'pledge release for early pay in'-to release pledges and set early pay in blocks when clients sell margin pledged securities, subject to pay in validation by clearing corporations. Invoked securities (except non exchange mutual fund units) will be blocked for early pay in with an audit trail in the TM/CM's pledge account; invoked non exchange MF units will be moved and auto redeemed via an 'invocation cum redemption' facility. TM/CMs must ensure same day pay in where client trading privileges are frozen. Amendments take effect September 05, 2025, with operating guidelines by July 01, 2025.
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