CDSL Circular on - BO upload file format for nomination and additional changes
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Contact: 9869265949,9870210171, in...@secmark.in, kau...@secmark.in
Date of Issue: 2-5-2025
Issuer: CDSL
BO upload file format for nomination and additional
changes
Highlights of CDSL Circular dated May-5-2025
DPs are advised to refer Communique no. CDSL/OPS/DP/POLCY/2025/145 dated February 28 2025
informing about the issuance of SEBI Circular no. SEBI/HO/OIAE/OIAE_IAD- 3/P/ON/2025/0027 dated February
28, 2025, regarding Amendments and clarifications to Circular dated January 10,
2025, and the phase wise implementation dates of the functionalities as
mentioned in SEBI circular.
In view of the aforesaid Communique, the following changes will be implemented
in the system.
- Capturing Nominee’s Name, Address, email address and telephone /mobile number will be made mandatory.
- Provision will be made to capture the PAN or last 4 digits of Aadhaar or Driving License and , OCI / PIO, Passport number of nominee in case of NRI . At least one of these details will be mandatory at the time of account opening.
- A new flag will be introduced to print Nominee details in formatted
statements. Below are the options that will be made available to the BO :
a. Name of the Nominee : If this option is selected, all the formatted statements will include names of the nominees.
b. Nominee Status: If this option is selected, then only the nominee registration status will be printed i.e., “Yes” (if nominee is registered) or “No” (if nominee is not registered).
c. If BO has not selected either of the above options, then Nominee status will be printed by default. - In case of name deletion, Mode of operation of the joint account
(e.g., first-named holder Or anyone or survivor Or , either or survivor
basis Or joint etc.,) will remain unchanged due to the rule of
survivorship, BO will have the option to modify the same, if as per their
choice .
Additional changes in the system are as follows:
1. Account Closure Source: DPs are required to capture the source from which the account closure request is received from the BO.
2. Reason for BSDA modification: It is now mandatory for DPs to capture the reason for modifying the BSDA flag from “Y” (BSDA) to “N” (Non BSDA) or to “O” (Opt out).
3. Client Consent date for BSDA Opt out: This date will be required when modifying the BSDA flag to Opt out.
4. Date of in timation of Demise to DP: DPs must capture the date on which the demise of the account holder was intimated.
DPs are advised to note the changes in the file formats and make the necessary back-office changes wherever applicable. The said functionality is schedule effective from Saturday, May 31, 2025.
In case of any clarification or assistance required in the implementation of this circular, you may contact
Kaushik Jethwa - kau...@secmark.in / 9870210171
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