Circular regarding Block Mechanism in demat account of clients undertaking sale transactions (dated – 16.07.2021) – SEBI
View PdfCircular regarding Block Mechanism in demat account of clients undertaking sale transactions (dated – 16.07.2021) – SEBI.
- The proposed facility of block mechanism is on optional basis and Early Pay-in mechanism shall also continue.
- Depositories are advised to make the facility of block mechanism available to the clients by August 01, 2021 and inform their participants of the step by step guide for block mechanism. Depositories and CCs shall put in place an appropriate system by participants / members to make available the Block Mechanism for clients in the securities market.
- This circular is issued in exercise of powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992, and Section 19 of the Depositories Act, 1996 to protect the interests of investors in securities and to promote the development of, and to regulate the securities markets.
