NSE Circular on : Clarifications on submission of Holding Statement
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Date |
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08-02-2022 |
NSE |
Holding Statement |
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Highlights of NSE Circular on Clarifications on submission of Holding Statement Further to NSE circulars NSE/INSP/39393 dated November 13, 2018, NSE/INSP/41711 dated July 25, 2019 and NSE/INSP/45193 dated July 31,2020 on the weekly upload of the Holding Statement data to Exchange, NSE explained that SEBI vide circular SEBI/HO/MIRSD/DOP/P/CIR/2021/595 dated July 16, 2021, had introduced "Block Mechanism in demat account of clients undertaking sale transactions", which facilitated the clients' undertaking sale transactions to avail Early Pay-In (EPI) benefit by blocking the shares in favour of the Clearing Corporation. Further, the said mechanism has done away with the movement of shares from the client's demat account for availing EPI benefit:
Based on the submissions made by the Members who have availed block mechanism facility for early pay-in of securities, NSE observed that certain members are incorrectly reporting weekly Holding Statement by including securities available in the clients’ demat account under the block mechanism also in their weekly Holding Statement.
In view of the above, NSE clarified that Members shall not include the securities lying in the clients’ demat accounts under the block mechanism at the end of the day in the weekly Holding Statement uploaded to Exchange
Members are advised to take note of the above and ensure correct submission in order to avoid any disciplinary actions as stated in Exchange circular NSE/INSP/49432, NSE/INSP/48655 and NSE/INSP/48661 dated August 27,2021, June 18,2021 and June 21,2021 respectively.
NSE Circular no. NSE/INSP/51277dated February 08, 2022 is enclosed herewith.
In case of any clarification or assistance required in implementation of this circular you may contact VANDANA VANIA (SecMark Consultancy Ltd.)– van...@secmark.in / 9223303460 SHARDUL SHAH - shard...@secmark.in/ 9869265949 / 9653415968 |
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