NSDL News
Visit by Hon'ble Officials from Financial Markets of Pakistan to NSDL in December 2011
SEBI vide Circular No. MIRSD/Cir-23/2011 dated December 2, 2011 has informed that at present, if a client intends to open accounts with different intermediaries for the purpose of trading / investment in the securities market, he has to undergo the process of Know Your Client (KYC) again and again. Therefore, to avoid duplication of KYC process with every intermediary, a mechanism for centralization of the KYC records in the securities market has been developed. As a result, once the client has done KYC with a SEBI registered intermediary, the client need not undergo the same process again with another intermediary.
(Ref: Circular No. NSDL/POLICY/2011/0104 dated December 7, 2011)
Clients can view the latest balances of their demat accounts on the internet along with the value based on price/NAV through IDeAS facility. With effect from November 28, 2011, NSDL has further enhanced its IDeAS facility whereby clients can view the price and value in respect of E-series ICINs (Commodity Identifier) of National Spot Exchange Limited for the previous business date held by them in their demat accounts.
(Ref: Circular No. NSDL/POLICY/2011/0098 dated November 28, 2011
Now, Mutual Fund Units (security type '13') can also be held in the depository accounts of Qualified Foreign Investors and the validations mentioned for mutual fund units (security type '20') will also be applicable for security type '13'.
(Ref: Circular No. NSDL/POLICY/2011/0099 dated November 28, 2011
NSDL conducts training and certification programmes for Participants to increase the availability of trained personnel for depository operations. In November 2011, such programmes were conducted in Ahmedabad, Chennai, Kanpur, Karur, Kolkata, Lucknow, Mumbai and Vadodara. In all, 339 persons attended the training programmes conducted at these locations.
In November 2011, following Participant became operational in NSDL
| 1 |
Intouch Securities Limited (DP ID IN303997) |
New Delhi |
| 2 |
Nakamichi Securities Limited (DP ID IN304004) |
Kolkata |
| 3 |
Anjaney Stock Broking Limited (DP ID IN304012) |
Kolkata |
The above additions take the total number of operational Participants to 284 and the total number of DPM set-ups to 362.
