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SEBI modifies the BSDA eligibility framework by excluding Zero...
SEBI BSDA demat eligibility recalibrated: ZCZP bonds and delisted securities excluded; quarterly reassessment, consent-based regular accounts from 31 Mar 2026
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SEBI modifies the BSDA eligibility framework by excluding Zero Coupon Zero Principal (ZCZP) bonds and delisted securities from the holdings value used to determine the BSDA threshold, thereby preventing such instruments from disqualifying an account from BSDA. It prescribes valuation rules for threshold computation, including valuing illiquid securities at the last closing price, thereby standardising assessment where market prices are not readily available. Depository Participants must reassess BSDA eligibility at the end of every quarter and convert eligible accounts to BSDA unless the beneficial owner provides active, authenticated, verifiable consent (through depository-specified channels) to open or continue a regular demat account; these changes apply from March 31, 2026.
SEBI modifies the BSDA eligibility framework by excluding Zero Coupon Zero Principal (ZCZP) bonds and delisted securities from the holdings value used to determine the BSDA threshold, thereby preventing such instruments from disqualifying an account from BSDA. It prescribes valuation rules for threshold computation, including valuing illiquid securities at the last closing price, thereby standardising assessment where market prices are not readily available. Depository Participants must reassess BSDA eligibility at the end of every quarter and convert eligible accounts to BSDA unless the beneficial owner provides active, authenticated, verifiable consent (through depository-specified channels) to open or continue a regular demat account; these changes apply from March 31, 2026.
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