SEBI extended timelines for implementation of Circular on ‘Execution of ‘Demat  Debit and Pledge Instruction’(DDPI) for transfer of securities towards deliveries / settlement obligations and pledging / re-pledging of securities’ – 30th June, 2022

Mehta & Mehta > SEBI Updates > SEBI extended timelines for implementation of Circular on ‘Execution of ‘Demat  Debit and Pledge Instruction’(DDPI) for transfer of securities towards deliveries / settlement obligations and pledging / re-pledging of securities’ – 30th June, 2022

Synopsis :- SEBI, vide its Circular dated 30th June, 2022 extended timelines from 01st July, 2022 to 01st September, 2022 for implementation of Circular on ‘Execution of ‘Demat  Debit and Pledge Instruction’(DDPI) for transfer of securities towards deliveries / settlement obligations and pledging / re-pledging of securities’.

SEBI, further added that extension has been provided after receiving representations from the Depositories.

Therefore, the provisions of Circular dated 04th April, 2022 are applicable from 01st September, 2022.

Link to the Circular:
https://www.sebi.gov.in/legal/circulars/jun-2022/implementation-of-circular-on-execution-of-demat-debit-and-pledge-instruction-ddpi-for-transfer-of-securities-towards-deliveries-settlement-obligations-and-pledging-re-pledging-of-securities-_60403.html
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