Disclosures on Margin obligations given by way of Pledge/ Re-pledge in the Depository System
Summary
This circular addresses the disclosure requirements for margin obligations given by way of pledge or re-pledge in the depository system. It dispenses with the obligation to make disclosures under Regulation 29(4) of the Takeover Regulations for shares encumbered as collateral from clients. The exemption applies to Trading Members and Clearing Members acting in the ordinary course of stock broking business.
Text
disclosures specified under Regulation 29(4) of Takeover Regulations, in relation to shares encumbered with TM /CM as a collateral from clients for margin obligation in the ordinary course of stock broking business are dispensed with.
Source: SecMarx — Disclosures on Margin obligations given by way of Pledge/ Re-pledge in the Depository System. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.