Regulatory Alerts2025-08-18
Extension of timeline for implementation of SEBI Circular on Margin obligations by way of pledge/Re-pledge
The Securities and Exchange Board of India (SEBI) has extended the implementation deadline for its June 3, 2025 circular requiring margin obligations to be given via pledge or re-pledge in the depository system from September 1, 2025, to October 10, 2025. This extension was granted following representations from depositories CDSL and NSDL to allow sufficient time for necessary system developments and end-to-end testing. Stock exchanges, clearing corporations, and depositories are directed to notify their members, establish compliance procedures, and amend relevant bye-laws to ensure smooth implementation.
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