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By PTI Nov 25, 2022 8:53:15 PM IST (Published)
In October, Sebi widened the scope of the Demat Debit and Pledge Instruction (DDPI) for pledging and repledging of securities for margin purposes in a bid to curb the misuse of Power of Attorney (PoA) given by clients to stock brokers.
Capital markets regulator Sebi on Friday extended the deadline to January 20 for implementation of the guidelines on instruction slips share pledging for margin purposes. The guidelines were to come into force from November 18.
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In October, Sebi widened the scope of the Demat Debit and Pledge Instruction (DDPI) for pledging and repledging of securities for margin purposes in a bid to curb the misuse of Power of Attorney (PoA) given by clients to stock brokers.
The DDPI serves the same purpose of PoA and significantly mitigates the misuse of PoA.