Revised timelines for issuance of Consolidated Account Statement (CAS) by Depositories
Summary
This circular revises the timelines for the issuance of Consolidated Account Statements (CAS) by depositories to enhance compliance ease. It mandates that AMCs and MF-RTAs provide common PAN data within five days of month-end, with depositories dispatching e-CAS by the 12th day and physical CAS by the 15th day. The document also updates half-yearly CAS deadlines and directs depositories to amend bye-laws and implement necessary system changes.
Text
AMCs/ MF-RTAs shall send the monthly common PAN data to Depositories on or before the fifth (5th) day from the month end.
The Depositories... shall consolidate and dispatch the monthly CAS to investors that have opted for delivery via electronic mode (e-CAS) by the twelfth (12th) day from the month end.
The Depositories... shall consolidate and dispatch the monthly CAS... to investors that have opted for delivery via physical mode by the fifteenth (15th) day from the month end.
AMCs/MF-RTAs shall provide the data with respect to the common PANs to the depositories on or before eighth (8th) day of April and October every year.
The depositories shall then consolidate and dispatch the CAS to investors that have opted for e-CAS on or before the eighteenth (18th) day of April and October.
The depositories shall then consolidate and dispatch the CAS... to investors that have opted for delivery via physical mode by the twenty first (21st) day of April and October.
The CAS shall be generated on a monthly basis. The AMCs /MF-RTAs shall provide the data with respect to the common PANs to the depositories within five (5) days from the month end.
If there is any transaction in any of the demat accounts of the investor or in any of his mutual fund folios, then CAS shall be sent to that investor through email on monthly basis.
The circular shall be effective from May 14, 2025.
make amendments to the relevant bye-laws, rules and regulations for the implementation of the above decision, as may be applicable/necessary;
to carry out system changes, if any, to implement the above;
disseminate the provisions of this circular on their website;
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Source: SecMarx — Revised timelines for issuance of Consolidated Account Statement (CAS) by Depositories. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.