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With an aim to safeguard investors' money from misuse and default by stock brokers, Sebi on Monday introduced a supplementary process for trading in the secondary market based on blocked funds in an investor's bank account, instead of transferring them upfront to the trading member.
SEBI has tapped into UPI to introduce an Application Supported by Blocked Amount (ASBA)-like service for trading in the secondary market.
With an aim to safeguard investors’ money from misuse and default by stock brokers, Sebi on Monday introduced a supplementary process for trading in the secondary market based on blocked funds in an investor’s bank account, instead of transferring them upfront to the trading member. This is
The new facility will become live by January 1, 2024, the Securities and Exchange Board of India (Sebi) said in a circular.
The new facility will become live by January 1, 2024, the Securities and Exchange Board of India (Sebi) said in a circular.