Sebi extends deadline for securities payout to client's demat account to November 11

Sebi has extended the deadline for the implementation of direct securities payouts to clients' demat accounts to November 11, 2024, responding to feedback from brokers' forums. The new rules aim to protect clients' securities and streamline processes by enabling direct credit of securities to investors' accounts, minimizing the brokers' intermediary role in settlements.

Oct 10, 2024 - 23:30
Sebi extends deadline for securities payout to client's demat account to November 11

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Sebi has extended the deadline for the implementation of direct securities payouts to clients' demat accounts to November 11, 2024, responding to feedback from brokers' forums. The new rules aim to protect clients' securities and streamline processes by enabling direct credit of securities to investors' accounts, minimizing the brokers' intermediary role in settlements.
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