SEBI Update – Measure for ease of doing business – Settlement of Account of Clients who have not traded in the last 30 days

SEBI has decided to revise the requirement of mandatory settlement of clients’ funds.

Accordingly, it has been decided that the funds of such clients who have not traded in the last 30 calendar days shall be settled on the upcoming settlement dates of monthly running account settlement cycle as notified by Exchanges in the annual calendar issued by them from time to time.

For the clients having credit balance, who have not done any transaction in the 30 calendar days since the last transaction and any amount of such client’s funds is lying with member for more than such 30 calendar days, the entire credit balance of client shall be returned to the client by TM, on the upcoming settlement dates of monthly running account settlement cycle (irrespective of settlement cycle preferred by the client) as stipulated by stock exchanges.

The provisions of this circular shall come into force with immediate effect.

Link – https://www.sebi.gov.in/legal/circulars/jan-2025/measure-for-ease-of-doing-business-settlement-of-account-of-clients-who-have-not-traded-in-the-last-30-days_90552.html