Naming / Tagging of demat accounts maintained by Stock Brokers

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..... Tagging of demat accounts maintained by Stock Brokers 1. SEBI vide circular no. SEBI/HO/MIRSD/MIRSD2/CIR/P/2016/95 dated September 26, 2016 had mandated uniform nomenclature to be followed by stock brokers for Naming/Tagging of Bank and Demat Accounts to reflect the purpose for which those bank/demat accounts are being maintained and the reporting of such accounts to the Stock Exchanges/Dep .....

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..... Client Unpaid Securities Account Hold Unpaid Securities of Clients 4. Client Securities Margin Pledge Account For Margin obligations to be given by way of Pledge/ Re-pledge 5. Client Securities under Margin Funding Account Hold funded securities in respect .....

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..... itted. 5.3. Debit of securities shall also not be allowed in any demat account left untagged from August 01, 2022. 5.4. Stock Broker shall obtain permission from Stock Exchanges to allow tagging of such demat accounts from August 01, 2022 onwards. Stock Exchange shall grant such approval within two working days after imposing penalty as per their internal policy. 6. This circular shall no .....

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..... wers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992 to protect the interests of investors in securities and to promote the development of and to regulate the securities markets. 10. This Circular is issued with the approval of competent authority. 11. This Circular is available at www.sebi.gov.in under the link Legal Circulars Yours faithfully .....

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