Change in timing for securities payout in the Activity schedule for T+1 Rolling Settlement

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....r/ Madam, Sub: Change in timing for securities payout in the Activity schedule for T+1 Rolling Settlement. 1. SEBI vide circular reference number SEBI/HO/MIRSD/MIRSD-PoD1/P/CIR/2024/75 dated June 5, 2024, has mandated that the pay-out of securities be credited directly to the client account by the Clearing Corporations (CC). 2. As prescribed in the aforementioned Circular, under Phase -1,....

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....e Stock Exchanges, Clearing Corporations and Depositories are accordingly advised to: a. Make necessary amendments to the relevant bye-laws, rules and regulations for the implementation of the above decision, as may be necessary/applicable. b. Bring the provisions of this circular to the notice of the Market Participants and to disseminate the same on their website. 6. This ci....