Delivery Instruction Slip (DIS) Issuance and Processing

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.... 2007 and SEBI/MRD/Dep/Cir-3/2008 dated February 28, 2008 on safeguards to address the concerns of the investors on transfer of securities in dematerialized mode. 2. In order to safeguard the interest of the investors, it has been decided to strengthen the supervisory and monitoring role of the depositories and their participants with respect to issuance and processing of Delivery Instruction S....

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....: a. same DIS shall not be used for giving both market and off-market instructions. b. a single DIS shall not be used for transactions with multiple execution dates. Monitoring of DIS 6. Upon issuance of DIS booklets or loose slips to BO, the DPs shall make available immediately the following details of the DIS to the depository system electronically: a. the DIS se....

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....ave adequate infrastructure, systems and processes to implement scanning, storage and transfer of the scanned DIS in the manner specified by the depositories. 11. The depositories shall ensure that the systems set up by the DPs maintain proper records of all scanned DIS images including audit trails for changes made, if any and put in place adequate checks and procedures to prevent unauthorized....

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....epositories are advised to:- a) take necessary steps and put in place necessary systems for implementation of the above. b) make amendments to the relevant bye-laws, rules and regulations for the implementation of the above decision immediately, as may be applicable/necessary ; c) bring the provisions of this circular to the notice of their DPs and also to disseminate th....