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 - Extension
Summary
SEBI extends the implementation date of the Demat Debit and Pledge Instruction (DDPI) circular from July 1, 2022, to September 1, 2022. This extension is granted due to representations from Depositories regarding ongoing system changes. Stock Exchanges and Depositories are directed to notify their members and disseminate this information on their websites.
Text
it has been decided to extend the implementation date of the aforesaid circular to September 01, 2022.
Stock Exchanges and Depositories are directed to bring the provisions of this circular to the notice of their members / participants and also disseminate the same on their websites.
This circular is issued in exercise of the powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992 and Section 19 of the Depositories Act, 1996.
Source: SecMarx — 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 - Extension. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.