Implementation of circular on upstreaming of clients’ funds by Stock Brokers (SBs) / Clearing Members (CMs) to Clearing Corporations (CCs)

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....tory Participants through recognized Depositories Clearing Members through recognized Clearing Corporations Dear Sir/Madam, Subject: Implementation of circular on upstreaming of clients' funds by Stock Brokers (SBs) / Clearing Members (CMs) to Clearing Corporations (CCs) 1. SEBI, vide circular no. SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2023/084 dated June 08, 2023 (herein after referred to as....

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....Ms shall adhere to the basic requirement of upstreaming of clients' funds to CCs, as stated in clause 1 above, the provisions of the circular stand modified as under: 2.1. Clause 3.C.V of the circular may be read as follows: "SBs/CMs may receive funds from clients beyond the prescribed cutoff time for upstreaming subject to the condition that there shall not be any further movement of ....