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NSDL publishes 'NEST Update', a monthly newsletter which provides information about various facilities, recent developments on the NSDL depository system etc. The name of this monthly newsletter has been changed from 'NEST Update' to 'NSDL Update' from this issue. Readers will continue to receive the newsletter as usual.

Following entities have been made operational as Participants in NSDL during December 2008

The above additions take the total number of operational Participants to 268 and the total number of DPM set-ups to 346.

NSDL System will now facilitate change of name in Corporate accounts for Client types viz., Body-Corporate, Bank, Financial Institution (FI), Foreign Institutional Investors (FII), Mutual Fund (MF), Trust and various subtypes.However, while carrying out the modifications, the name of any existing account holder can neither be deleted nor any new name can be added. Participants can only make changes to the name(s) of existing account holder(s)of the account.

Further details about this are mentioned in Circular No.NSDL/POLICY/2008/0085 dated December 16, 2008 issued to Participants and the same is posted on NSDL website www.nsdl.co.in.

Financial Intelligence Unit - India had advised NSDL to incorporate certain details viz., 'Consideration' and 'Reasons/Purpose' (in delivery instruction slip used for off market transfers). Accordingly, relevant Business Rules of NSDL were amended to incorporate the said details. The fields viz., 'Consideration' and 'Reasons/Purpose' have now been incorporated for smart card / e-token Users of SPEED-e as SPEED-e enables only the smart card / e-token Users to submit off-market instructions. NSDL has also requested its Participants to inform their Clients accordingly.

This has been informed to SPEED-e Participants vide Circular No. NSDL/POLICY/SPEED-e/2008/0007 dated December 13, 2008.

SEBI has issued Master Circular no. ISD/AML/Cir-1/2008 dated December 19, 2008 (refer SEBI website www.sebi.gov.in) regarding Anti Money Laundering Standards/Combating Financing of Terrorism/Obligations of Securities Market Intermediaries under Prevention of Money Laundering Act, 2002 and Rules made there under.

This has been informed to Participants vide Circular No. NSDL/POLICY/2008/0087 dated December 30, 2008.

NSDL conducts NCFM (NSE's Certification in Financial Markets - NSDL-Depository Operations Module) oriented training programmes for Participants to facilitate them to appear for the NCFM examination. In December 2008, such programmes were conducted in Bangalore, Coimbatore, Hyderabad, Nagpur, Kolkata, Ahmedabad and New Delhi which were attended by 209 persons.

NSDL has informed all its Participants that pursuant to the closure of Participant operations by CLSA India Limited, its DP ID IN302445 has been deleted from the Depository System.

This has been informed to Participants vide Circular No. NSDL/PI/2008/2592 dated December 15, 2008.