Sebi Extends Margin Pledge Framework Deadline
Securities and Exchange Board of India (Sebi) has extended the implementation deadline for the margin obligations framework via pledge and re-pledge within the depository system to October 10, 2025. This extension allows for further system development and testing, ensuring a smooth transition without market disruptions.
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- India
The Securities and Exchange Board of India (Sebi) has announced an extension for the implementation of its new framework for managing margin obligations through pledge and re-pledge within the depository system. Originally slated for September 2025, the revised deadline is now October 10, 2025.
The decision followed requests from depositories, CDSL and NSDL, who sought additional time for system development and comprehensive testing to ensure operational readiness. Sebi aims to implement the framework seamlessly and without disruptions to market activities.
The framework introduces stringent measures to prevent misuse of clients' securities, ensuring a transparent and secure process. Its automated mechanisms will remove the need for physical or electronic instructions for un-pledging and delivery, providing a clear transaction trail while enhancing compliance with new norms.
(With inputs from agencies.)
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