New Delhi, July 3 (IANS) The Securities and Exchange Board of India on Friday said that shares allotted to investors but not fully paid for must remain in clients’ demat accounts, while brokers have a formal pledge over them until outstanding dues are cleared.Under the revised framework, unpaid securities will be credited first to the investor’s demat account and then automatically pledged in favour of the broker through a dedicated “Client Unpaid Securities Pledgee Account” (CUSPA), the…
Latest Trading Members News & Updates
Mumbai, March 14 (IANS) The Bombay Stock Exchange (BSE) conducted a mock trading session on Saturday across multiple market segments as part of its periodic system testing.The exercise covers the equity, commodity, currency, electronic gold receipt (EGR) and equity derivatives segments. Trading members can log in from 9:15 am to 10:00 am to participate in the mock trading session.The exercise allows them to test systems and connectivity with the exchanges and aims to ensure that its trading syst…