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

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.... 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, the securities for pay-out in the equity cash segment (incl....

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....rdingly 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 circular is being issued in exercise of powers conferred under Section 11 (1) of the....