CDSL Circulars

Why this page is structured this way: All in-window entries are listed descending by date so the most recent regulatory state is the first thing a reader sees. Use Cmd-F / Ctrl-F for ID-based lookup. Cross-references from the rest of the site point at anchors on this page.

TL;DR

• 108 circulars indexed in this issuer’s section.
• 42 issued in 2025 or later.
• 0 entries flagged [unknown — verify] in at least one field.
• All entries trace to a primary issuer URL (or Wayback fallback) where research could verify the source.
• AI-generated; read the linked PDF before acting on any provision.

Conceptual overview

This page is the complete listing of CDSL circulars in the project’s 2020–2026 sweep window. Each entry contains the verbatim circular ID, issue date, in-force date, status (in-force / superseded / withdrawn), applicable entity types, impact-area tags, a 2–4 sentence summary traceable to clauses, and the primary URL. Where the primary URL could not be re-fetched, an archive URL is provided in its place.

Entries (descending date)

CDSL/OPS/DP/POLCY/2026/316

• date_issued: 2026-05-08
• issuer: CDSL
• title: “DIRECT CREDIT OF SECURITIES IN DEMATERIALISATION ACCOUNT OF THE INVESTOR”
• applies_to: depository
• in_force_date: [unknown — verify]
• status: in-force
• impact_areas: onboarding, settlement, transmission
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2026-316&action=communique

Revised process for direct credit of securities in dematerialisation accounts of investors per SEBI direction. Refers to CDSL/OPS/DP/POLCY/2026/202 (Mar 23, 2026) and SEBI Circular HO/38/13/(3)2026-MIRSD-POD/I/3763/2026 (Jan 30, 2026). Lays out dematerialisation process for investor service requests via RTAs/Issuers in the enhanced module.

CDSL/OPS/DP/POLCY/2026/261

• date_issued: 2026-04-15
• issuer: CDSL
• title: “DP OPERATING INSTRUCTIONS AS OF MARCH - 2026 CHAPTERS & ANNEXURES”
• applies_to: depository
• in_force_date: 2026-03-31
• status: in-force
• impact_areas: onboarding, transmission, nominee, file-format
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2026-261&action=communique

Re-issues the CDSL DP Operating Instructions Chapters and Annexures as of March 31, 2026 at https://www.cdslindia.com/downloads/DP/currentDPs/DP-Operating-Instructions-Chapters-as-on-March-31-2026.pdf, incorporating amendments via prior communiques.

CDSL/OPS/DP/POLCY/2026/250

• date_issued: 2026-04-10
• issuer: CDSL
• title: “SEBI CIR - EASE OF DOING BUSINESS - MECHANISM FOR LOCK-IN OF PLEDGED SHARES UNDER SEBI REGULATIONS, 2018”
• applies_to: depository
• in_force_date: [unknown — verify]
• status: in-force
• impact_areas: pledge
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2026-250&action=communique

Disseminates SEBI Circular HO/49/(17)2026-CFD-POD2/I/8965/2026 dated April 8, 2026 — mechanism for lock-in of pledged shares under SEBI (ICDR) Regulations, 2018.

CDSL/OPS/DP/POLCY/2026/234

• date_issued: 2026-04-02
• issuer: CDSL
• title: “FREEZING OF DEMAT ACCOUNTS FOR KYC NOT UPLOADED WITH KRA”
• applies_to: depository, broker
• in_force_date: [unknown — verify]
• status: in-force
• impact_areas: onboarding, re-KYC, kyc-modification
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2026-234&action=communique

Per SEBI Circular SEBI/HO/MIRSD/FATF/P/CIR/2023/0144 (Aug 11, 2023), BOs whose KYC attributes are not verified by KRAs shall not be permitted to transact until verification is completed. References CDSL/OPS/DP/POLCY/2026/67 (Jan 30, 2026) on KRA KYC-upload extension.

CDSL/OPS/DP/POLCY/2026/218

• date_issued: 2026-03-28
• issuer: CDSL
• title: “COPARCENERS DETAILS IN HUF DEMAT ACCOUNTS”
• applies_to: depository, broker
• in_force_date: [unknown — verify]
• status: in-force
• impact_areas: onboarding, non-individual, kyc-modification
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2026-218&action=communique

Operational details for capturing coparcener fields at HUF demat account opening. Mandates coparcener details capture per CDSL/OPS/DP/POLCY/2026/209 (Mar 24, 2026); references CDSL/OPS/DP/POLCY/2025/818 (Dec 12, 2025) on HUF joint-with-individual accounts.

CDSL/OPS/DP/POLCY/2026/202

• date_issued: 2026-03-23
• issuer: CDSL
• title: “DIRECT CREDIT OF SECURITIES IN DEMATERIALISATION ACCOUNT OF THE INVESTOR”
• applies_to: depository
• in_force_date: [unknown — verify]
• status: superseded
• superseded_by: CDSL/OPS/DP/POLCY/2026/316
• impact_areas: onboarding, settlement, transmission
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2026-202&action=communique

Implements SEBI Circular HO/38/13/(3)2026-MIRSD-POD/I/3763/2026 (Jan 30, 2026) — removes need for Letter of Confirmation (LOC); RTAs / Issuers can set up dematerialisation request through online/single-entry mode in CDSL. Only investor-service requests (duplicate certificates, transmission, transposition, unclaimed suspense claim, corporate actions) flow through this enhanced RTA module.

CDSL/OPS/DP/POLCY/2026/196

• date_issued: 2026-03-20
• issuer: CDSL
• title: “OPENING OF HUF DEMAT ACCOUNTS”
• applies_to: depository, broker
• in_force_date: [unknown — verify]
• status: in-force
• impact_areas: onboarding, non-individual
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2026-196&action=communique

Clarifies that an HUF demat account can be opened where there is only one co-parcener (acting as Karta) and at least one HUF member (wife/mother/widow). Account stays in the HUF’s name as per PAN; Karta identified with list of co-parceners and members and prescribed KYC documents.

CDSL/OPS/DP/SETTL/2026/188

• date_issued: 2026-03-17
• issuer: CDSL
• title: “DISCONTINUATION OF EARLY PAYIN ACCOUNTS”
• applies_to: depository, broker, clearing-corp
• in_force_date: 2026-03-21
• status: in-force
• impact_areas: settlement, file-format
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2026-188&action=communique

Mandates DPs to complete system/back-office/operational changes for the March 21, 2026 EP-account discontinuation. Includes FAQs and asks DPs to disseminate to trading clients, TM clients and CM clients. References CDSL/OPS/DP/SETTL/2026/122 (Feb 19, 2026) and CDSL/OPS/DP/POLCY/2026/183 (Mar 13, 2026).

CDSL/OPS/DP/SETT/2026/180

• date_issued: 2026-03-13
• issuer: CDSL
• title: “CREATION / INVOCATION OF PLEDGE OF SECURITIES THROUGH DEPOSITORY SYSTEM”
• applies_to: depository, broker
• in_force_date: 2026-04-06
• status: in-force
• impact_areas: pledge, margin, settlement
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2026-180&action=communique

Operational implementation of SEBI Feb 5, 2026 pledge circular. Effective April 6, 2026, DPs must obtain a signed undertaking from clients (per Annexure A) along with pledge request — pledger and pledgee both undertake compliance with Sections 176 and 177 of the Indian Contract Act, 1872. References CDSL/OPS/DP/POLCY/2026/91 (Feb 9, 2026).

CDSL/AUDIT/DP/POLCY/2026/151

• date_issued: 2026-03-05
• issuer: CDSL
• title: “SOP FOR HANDLING CYBER INCIDENT AND AMENDMENTS TO DP OPERATING INSTRUCTIONS ANNEXURE 11.1”
• applies_to: depository, broker, exchange
• in_force_date: [unknown — verify]
• status: in-force
• impact_areas: cyber-security, reporting, system-audit
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2026-151&action=communique

SOP for handling cyber incidents (jointly developed by depositories and exchanges); 6-hour cyber-incident reporting timeline enforced. Amendments to DP Operating Instructions Annexure 11.1 — Penalty Structure for cyber-security incidents.

CDSL/OPS/DP/SETTL/2026/122

• date_issued: 2026-02-19
• issuer: CDSL
• title: “DISCONTINUATION OF EARLY PAYIN ACCOUNTS”
• applies_to: depository, broker, clearing-corp
• in_force_date: 2026-03-21
• status: in-force
• impact_areas: settlement, file-format
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2026-122&action=communique

Effective March 21, 2026, CMs no longer required to maintain a separate Early Pay-in (EP) account with CCs; CM Pool account (with valid BO Status / BO Sub-status) suffices for EP transactions. Provides operational modalities and changes to back-office.

CDSL/OPS/DP/POLCY/2026/91

• date_issued: 2026-02-09
• issuer: CDSL
• title: “SEBI CIR - CREATION/INVOCATION OF PLEDGE OF SECURITIES THROUGH DEPOSITORY SYSTEM”
• applies_to: depository, broker
• in_force_date: [unknown — verify]
• status: in-force
• impact_areas: pledge, margin, settlement
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2026-91&action=communique

Disseminates SEBI Circular HO/47/14/12(1)2026-MRD-POD2/I/4229/2026 dated February 5, 2026 — Creation/Invocation of pledge of securities through depository system. Provides updated compliance framework for pledge creation, invocation, undertakings.

CDSL/BD-NP/DP/SEBI/2026/78

• date_issued: 2026-02-04
• issuer: CDSL
• title: “CDSL INVESTOR MOBILE APPLICATION - MYEASI”
• applies_to: depository
• in_force_date: [unknown — verify]
• status: in-force
• impact_areas: other
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2026-78&action=communique

Phase I of upgraded MyEasi mobile app rolled out — consolidated cross-depository securities holdings view, transaction & holding statements at single place, eliminating multiple logins. Aligned with SEBI guidance on investor transparency.

CDSL/OPS/DP/POLCY/2025/856

• date_issued: 2025-12-29
• issuer: CDSL
• title: “EXTENSION FOR UPLOAD OF KYC RECORDS WITH KRA”
• applies_to: depository, broker
• in_force_date: [unknown — verify]
• status: in-force
• impact_areas: onboarding, re-KYC, kyc-modification, reporting
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2025-856&action=communique

Extends KRA KYC-upload compliance timeline. References SEBI circulars MIRSD/Cir-26/2011 (Dec 23, 2011), SEBI/HO/MIRSD/FATF/P/CIR/2023/0144 (Aug 11, 2023) on KRA simplification, and SEBI Master Circular SEBI/HO/MIRSD/SECFATF/P/CIR/2023/169 (Oct 12, 2023) on KYC norms.

CDSL/IS/DP/POLCY/2025/842

• date_issued: 2025-12-23
• issuer: CDSL
• title: “SUBMISSION OF CYBER AUDIT REPORT AS PER SEBI CSCRF CIRCULAR”
• applies_to: depository
• in_force_date: 2025-12-31
• status: in-force
• impact_areas: cyber-security, system-audit, reporting
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2025-842&action=communique

Online facility for Cyber Audit Report submission via audit web portal. Submission deadline December 31, 2025. References CDSL/IS/DP/POLCY/2025/806 (Dec 10, 2025) on CSCRF cyber audit implementation.

CDSL/IS/DP/POLCY/2025/822

• date_issued: 2025-12-15
• issuer: CDSL
• title: “SUBMISSION OF VAPT REPORT AS PER SEBI CSCRF CIRCULAR”
• applies_to: depository
• in_force_date: 2025-12-31
• status: in-force
• impact_areas: cyber-security, system-audit, reporting
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2025-822&action=communique

For half-yearly period Apr–Sep 2025 (QSBs and Protected REs), VAPT through CERT-In empanelled auditor; report to Depository by December 31, 2025 (after IT Committee approval). ATR/Revalidation Report (closure status) by March 31, 2026.

CDSL/OPS/DP/POLCY/2025/818

• date_issued: 2025-12-12
• issuer: CDSL
• title: “HINDU UNDIVIDED FAMILY (HUF) WITH JOINTLY WITH INDIVIDUAL(S)”
• applies_to: depository, broker
• in_force_date: [unknown — verify]
• status: in-force
• impact_areas: onboarding, non-individual, minor-joint
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2025-818&action=communique

Per SEBI letter dated August 13, 2025, CDSL allows opening of HUF demat account jointly with up to two individual joint holders. First holder’s PAN 4th letter must be “H”; joint holders’ PAN 4th letter must be “P” (individuals). Nomination facility not available in HUF accounts (HUF exists in perpetuity).

CDSL/IS/DP/POLCY/2025/806

• date_issued: 2025-12-10
• issuer: CDSL
• title: “IMPLEMENTATION OF SEBI CSCRF CIRCULAR FOR CYBER AUDIT REPORT SUBMISSION”
• applies_to: depository
• in_force_date: [unknown — verify]
• status: in-force
• impact_areas: cyber-security, system-audit, reporting
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2025-806&action=communique

Cyber audit shall cover 100% of critical systems and 25% of non-critical systems on a sample basis under CSCRF clause 4.4. Rationale for sample size to be explicitly documented by auditor. Includes audit-cycle handling rules for categorisation changes.

CDSL/OPS/DP/POLCY/2025/779

• date_issued: 2025-11-28
• issuer: CDSL
• title: “TRANSMISSION OF SECURITIES FROM NOMINEE TO LEGAL HEIRS”
• applies_to: depository
• in_force_date: 2025-12-27
• status: in-force
• impact_areas: transmission, nominee, file-format
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2025-779&action=communique

Off-market reason code 35 renamed from “Trsfr frm Nominee holder to beneficiary Legal Heirs” to “Transmission to Legal Heirs (TLH)” per SEBI Circular SEBI/HO/MIRSD/MIRSD-PoD/P/CIR/2025/130 (Sep 19, 2025). Live in production environment from December 26, 2025; effective December 27, 2025.

CDSL/OPS/DP/POLCY/2025/780

• date_issued: 2025-11-28
• issuer: CDSL
• title: “VALIDATIONS FOR PROCESSING TRANSMISSION REQUEST THROUGH UPLOAD”
• applies_to: depository
• in_force_date: [unknown — verify]
• status: in-force
• impact_areas: transmission, nominee, file-format
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2025-780&action=communique

With the new UDiFF-based transmission upload, DPs no longer need to enter per-nominee quantities — system auto-derives quantity from the nominee % share captured at account opening. DP-entered quantity will be ignored. References CDSL/OPS/DP/POLCY/2025/492 (Jul 24, 2025), /506 (Jul 30, 2025), /710 (Oct 20, 2025).

CDSL/OPS/CA/GENRL/SGB/2025/743

• date_issued: 2025-11-07
• issuer: CDSL
• title: “INTRODUCTION OF NEW TRANSACTION TYPE FOR SEAMLESS TRANSFERS OF GOVERNMENT SECURITIES BETWEEN DEMAT AND RETAIL DIRECT GILT (RDG) ACCOUNTS”
• applies_to: depository
• in_force_date: [unknown — verify]
• status: in-force
• impact_areas: settlement, file-format
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2025-743&action=communique

New “RDG Transfer” transaction type to support Government Securities transfers between CDSL / NSDL / RBI Retail Direct Gilt (RDG) accounts. Restricted to Own Account Transfers (no change in ownership) and cross-depository “Transfer to own account”.

CDSL/OPS/DP/SYSTEM/2025/720

• date_issued: 2025-10-28
• issuer: CDSL
• title: “CHANGES IN OFF-MARKET AND INVOCATION TRANSACTION PROCESSING”
• applies_to: depository, broker
• in_force_date: [unknown — verify]
• status: in-force
• impact_areas: settlement, pledge, file-format
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2025-720&action=communique

New transaction status “Overdue – Insufficient Stamp Duty” introduced for off-market and pledge-invocation transactions. CDSL system verifies stamp duty balance availability until EOD; transactions cancelled at EOD if insufficient balance.

CDSL/OPS/DP/POLCY/2025/707

• date_issued: 2025-10-17
• issuer: CDSL
• title: “DP OPERATING INSTRUCTIONS AS OF SEPTEMBER - 2025 CHAPTERS & ANNEXURES”
• applies_to: depository
• in_force_date: 2025-09-30
• status: in-force
• impact_areas: onboarding, transmission, nominee, file-format
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2025-707&action=communique

Re-publishes consolidated DP Operating Instructions Chapters and Annexures as of September 30, 2025 at https://www.cdslindia.com/downloads/DP/currentDPs/DP-Operating-Instructions-Chapters-as-on-September-30-2025.pdf, incorporating amendments via prior communiques.

CDSL/IS/DP/POLCY/2025/681

• date_issued: 2025-10-09
• issuer: CDSL
• title: “IMPLEMENTATION OF SEBI CSCRF CIRCULAR FOR VAPT REPORT SUBMISSION”
• applies_to: depository
• in_force_date: [unknown — verify]
• status: in-force
• impact_areas: cyber-security, system-audit, reporting
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2025-681&action=communique

VAPT timeline implementation per CSCRF clause 4.3.2. DPs to plan VAPT at start of financial year; “no audit cycle shall be left unaudited” rule applies even if entity categorisation changes. Phased timelines for QSBs / Protected REs / others detailed.

CDSL/OPS/DP/SETT/2025/657

• date_issued: 2025-09-29
• issuer: CDSL
• title: “MARGIN OBLIGATIONS TO BE GIVEN BY WAY OF PLEDGE/RE-PLEDGE”
• applies_to: depository, broker, clearing-corp
• in_force_date: 2025-10-10
• status: in-force
• impact_areas: margin, pledge, mtf, settlement, file-format
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2025-657&action=communique

Provides templates and processes for PR-EP, IV-EP and IV-RD request forms (Annexures 8.5/8.6) to be obtained from TM/CMs. Operational details for automated unpledge / invocation flows under SEBI’s June 3, 2025 circular. References CDSL/OPS/DP/POLCY/2025/393, /SETT/2025/443, /SETT/2025/518, /POLCY/2025/554.

CDSL/OPS/DP/POLCY/2025/639

• date_issued: 2025-09-22
• issuer: CDSL
• title: “SEBI CIR - EASE OF DOING INVESTMENT - SMOOTH TRANSMISSION OF SECURITIES FROM NOMINEE TO LEGAL HEIR”
• applies_to: depository, broker
• in_force_date: [unknown — verify]
• status: in-force
• impact_areas: transmission, nominee
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2025-639&action=communique

Disseminates SEBI Circular SEBI/HO/MIRSD/MIRSD-PoD/P/CIR/2025/130 dated September 19, 2025 — Ease of Doing Investment: smooth transmission of securities from nominee to legal heir. Lays out the framework that nominee acts as trustee for legal heirs.

CDSL/OPS/DP/POLCY/2025/637

• date_issued: 2025-09-19
• issuer: CDSL
• title: “CENTRALIZED MECHANISM FOR REPORTING THE DEMISE OF AN INVESTOR THROUGH KRAs”
• applies_to: depository, broker
• in_force_date: [unknown — verify]
• status: in-force
• impact_areas: transmission, kyc-modification, reporting
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2025-637&action=communique

After death-certificate verification, the intermediary must (same day) raise a KYC modification with KRA stating “information on death of investor received; death certificate verified” and upload supporting documents. DPs to submit an undertaking on official letterhead confirming process compliance.

CDSL/OPS/DP/SETT/2025/633

• date_issued: 2025-09-18
• issuer: CDSL
• title: “FACILITY FOR PAYMENT OF STAMP DUTY BY BENEFICIAL OWNERS (BOs) THROUGH VALID UPI HANDLE”
• applies_to: depository
• in_force_date: 2025-09-18
• status: in-force
• impact_areas: upi-block, settlement, other
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2025-633&action=communique

BOs can now pay stamp duty to CDSL via valid UPI handle for off-market and invocation transactions effective September 18, 2025. References SEBI Circular SEBI/HO/DEPA-II/DEPA-II_SRG/P/CIR/2025/86 (Jun 11, 2025) and earlier CDSL communiques CDSL/OPS/DP/POLCY/2020/18 (Jan 8, 2020) and CDSL/OPS/DP/GENRL/2023/748 (Dec 26, 2023).

CDSL/OPS/DP/POLCY/2025/583

• date_issued: 2025-09-01
• issuer: CDSL
• title: “SEBI CIR - TECHNICAL CLARIFICATIONS TO CYBERSECURITY AND CYBER RESILIENCE FRAMEWORK FOR SEBI REGULATED ENTITIES”
• applies_to: depository, broker
• in_force_date: [unknown — verify]
• status: in-force
• impact_areas: cyber-security, system-audit
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2025-583&action=communique

Disseminates SEBI Circular SEBI/HO/ITD-1/ITD_CSC_EXT/P/CIR/2025/119 dated August 28, 2025 — Technical clarifications to CSCRF framework (audit cycles, vulnerability disclosure handling, third-party log retention etc.).

CDSL/OPS/DP/POLCY/2025/567

• date_issued: 2025-08-25
• issuer: CDSL
• title: “REVISE AND REVAMP NOMINATION FACILITIES — STANDARD OPERATING PROCEDURE ON NOMINATION”
• applies_to: depository, broker
• in_force_date: [unknown — verify]
• status: in-force
• impact_areas: nominee, transmission, grievance
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2025-567&action=communique

Common Standard Operating Procedure (SOP) (CDSL+NSDL+AMFI) for operating demat accounts of incapacitated, special-needs, sick or old investors. Annexure provides flow for nominee operation while keeping the original beneficial-owner intact. References CDSL/OPS/DP/POLCY/2025/32, /145 and /492.

CDSL/OPS/DP/SETT/2025/518

• date_issued: 2025-08-04
• issuer: CDSL
• title: “MARGIN OBLIGATIONS TO BE GIVEN BY WAY OF PLEDGE/RE-PLEDGE”
• applies_to: depository, broker, clearing-corp
• in_force_date: 2025-10-10
• status: in-force
• impact_areas: margin, pledge, settlement, file-format
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2025-518&action=communique

UDiFF catalogue update for PR-EP / IV-EP / IV-RD: re-uses existing fields (originally for Confiscation-cum-Early Pay-in of CUSPA pledge) for the new transaction types. “Auto Pledge Flag for Unpaid Securities / CUSPA Transaction Flag” renamed. No new columns added.

CDSL/OPS/DP/SETT/2025/443

• date_issued: 2025-07-01
• issuer: CDSL
• title: “MARGIN OBLIGATIONS TO BE GIVEN BY WAY OF PLEDGE/RE-PLEDGE”
• applies_to: depository, broker, clearing-corp
• in_force_date: 2025-10-10
• status: in-force
• impact_areas: margin, pledge, settlement, file-format
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2025-443&action=communique

Operational modalities for the automated combined unpledge/invocation + sale flow under SEBI’s June 3, 2025 circular: CUSPA Pledge, Margin Pledge, MTF Pledge. Lays out new transaction types — Pledge Release for Early Pay-in (PR-EP), Invocation (Confiscation) for Early Pay-in (IV-EP), Invocation for Redemption (IV-RD).

CDSL/OPS/DP/POLCY/2025/411

• date_issued: 2025-06-18
• issuer: CDSL
• title: “FREEZING OF DEMAT ACCOUNT UPON THE DEMISE”
• applies_to: depository
• in_force_date: [unknown — verify]
• status: in-force
• impact_areas: transmission
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2025-411&action=communique

Reinforces that DPs must actually freeze (block all debits), not merely flag as “Holder Deceased”. References SEBI Circular SEBI/HO/OIAE/OIAE_IAD-1/P/CIR/2023/0000000163 (Oct 3, 2023) and Chapter 7 (Section 7.5.7) of DP Operating Instructions on death certificate verification and account freezing.

CDSL/OPS/DP/POLCY/2025/393

• date_issued: 2025-06-12
• issuer: CDSL
• title: “SEBI CIR - MARGIN OBLIGATIONS TO BE GIVEN BY WAY OF PLEDGE/RE-PLEDGE IN THE DEPOSITORY SYSTEM”
• applies_to: depository, broker, clearing-corp
• in_force_date: 2025-10-10
• status: in-force
• impact_areas: margin, pledge, rms, file-format
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2025-393&action=communique

Disseminates SEBI Circular SEBI/HO/MIRSD/MIRSD-PoD/P/CIR/2025/82 dated June 3, 2025 — refreshed margin-pledge/re-pledge framework introducing automated combined unpledge/invocation + sale flow for CUSPA pledge, margin pledge and MTF pledge. (SEBI later extended effective date from Sep 1 to Oct 10, 2025 — see CDSL/OPS/DP/POLCY/2025/554.)

CDSL/OPS/DP/POLCY/2025/307

• date_issued: 2025-05-09
• issuer: CDSL
• title: “CENTRALIZED MECHANISM FOR REPORTING THE DEMISE OF AN INVESTOR THROUGH KRAs”
• applies_to: depository, broker
• in_force_date: [unknown — verify]
• status: in-force
• impact_areas: transmission, kyc-modification
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2025-307&action=communique

CDSL feeds DPs with identified demat accounts of demised holders (received from KRAs) via DP billing folder. DPs to follow SEBI Circular SEBI/HO/OIAE/OIAE_IAD-1/P/CIR/2023/0000000163 (Oct 3, 2023) and mark freeze for debit with reason code “28 — Account Holder Demise” on eligible accounts.

CDSL/OPS/DP/POLCY/2025/289

• date_issued: 2025-05-02
• issuer: CDSL
• title: “BO UPLOAD FILE FORMAT FOR NOMINATION AND ADDITIONAL CHANGES”
• applies_to: depository, broker
• in_force_date: [unknown — verify]
• status: in-force
• impact_areas: nominee, onboarding, file-format
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2025-289&action=communique

Implements the SEBI Revise-and-Revamp Nomination directives in the BO upload file format. Makes Nominee name, address, email, phone mandatory; PAN or last-4 Aadhaar or DL or (OCI/PIO/Passport for NRI) — at least one mandatory at account opening.

CDSL/RCD/DP/GENRL/2025/280

• date_issued: 2025-04-30
• issuer: CDSL
• title: “MASTER CIRCULAR FOR DEPOSITORY PARTICIPANTS (DPs)”
• applies_to: depository
• in_force_date: 2025-03-31
• status: in-force
• impact_areas: onboarding, transmission, nominee, file-format, system-audit, surveillance, reporting
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2025-280&action=communique

Re-issued CDSL Master Circular for DPs consolidating prior SEBI directives and CDSL communiques applicable to depositories and DPs as of March 31, 2025. Issued per para 4.27 of SEBI Master Circular SEBI/HO/MRD/MRD-PoD-1/P/CIR/2024/168 (Dec 3, 2024).

CDSL/OPS/DP/POLCY/2025/145

• date_issued: 2025-02-28
• issuer: CDSL
• title: “REVISE AND REVAMP NOMINATION FACILITIES”
• applies_to: depository, broker
• in_force_date: [unknown — verify]
• status: in-force
• impact_areas: nominee, transmission
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2025-145&action=communique

Communicates SEBI Circular SEBI/HO/OIAE/OIAE_IAD-3/P/ON/2025/0027 dated February 28, 2025 — amendments and clarifications to January 10, 2025 nomination circular. Phase-wise implementation table laid out; addresses nominee identification details, joint-account scenarios, and grievance redressal.

CDSL/OPS/DP/POLCY/2025/113

• date_issued: 2025-02-17
• issuer: CDSL
• title: “SEBI CIR - RELAXATION IN TIMELINES FOR HOLDING AIFS’ INVESTMENTS IN DEMATERIALISED FORM”
• applies_to: depository
• in_force_date: [unknown — verify]
• status: in-force
• impact_areas: other
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2025-113&action=communique

Disseminates SEBI Circular SEBI/HO/AFD/PoD-1/P/CIR/2025/17 dated February 14, 2025 — Relaxation in timelines for holding Alternative Investment Funds (AIFs) investments in dematerialised form.

CDSL/OPS/DP/POLCY/2025/45

• date_issued: 2025-01-20
• issuer: CDSL
• title: “AMENDMENTS TO DP OPERATING INSTRUCTIONS VARIOUS CHAPTERS”
• applies_to: depository
• in_force_date: [unknown — verify]
• status: in-force
• impact_areas: other
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2025-45&action=communique

Updates DP Operating Instructions chapters in track changes to reflect SEBI (Depositories and Participants) Regulations, 2018 (replacing the 1996 Regulations) and SEBI Notification dated October 3, 2018 (last amended May 10, 2024).

CDSL/OPS/DP/POLCY/2025/32

• date_issued: 2025-01-13
• issuer: CDSL
• title: “SEBI CIR - REVISE AND REVAMP NOMINATION FACILITIES IN THE INDIAN SECURITIES MARKET”
• applies_to: depository, broker
• in_force_date: [unknown — verify]
• status: in-force
• impact_areas: nominee, transmission
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2025-32&action=communique

Disseminates SEBI Circular SEBI/HO/OIAE/OIAE_IAD-3/P/ON/2025/01650 dated January 10, 2025 — Revise and Revamp Nomination Facilities in the Indian Securities Market (up to 10 nominees per demat account / MF folio; nominee % share; simplified transmission processes).

CDSL/OPS/DP/POLCY/2025/3

• date_issued: 2025-01-01
• issuer: CDSL
• title: “SEBI CIR - CLARIFICATIONS TO CYBER SECURITY AND CYBER RESILIENCE FRAMEWORK FOR SEBI REGULATED ENTITIES”
• applies_to: depository, broker
• in_force_date: [unknown — verify]
• status: in-force
• impact_areas: cyber-security, system-audit
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2025-3&action=communique

Disseminates SEBI Circular SEBI/HO/ITD-1/ITD_CSC_EXT/P/CIR/2024/184 dated December 31, 2024 — first clarifications to the August 20, 2024 CSCRF, addressing categorisation, audit timelines, and compliance reporting.

CDSL/OPS/DP/POLCY/2024/771

• date_issued: 2024-12-20
• issuer: CDSL
• title: “SECURITIES AND EXCHANGE BOARD OF INDIA (DEPOSITORIES AND PARTICIPANTS) (THIRD AMENDMENT) REGULATIONS, 2024”
• applies_to: depository, broker
• in_force_date: [unknown — verify]
• status: in-force
• impact_areas: other, file-format
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2024-771&action=communique

Disseminates SEBI Notification SEBI/LAD-NRO/GN/2024/213 dated November 28, 2024 — SEBI (D&P) Third Amendment Regulations, 2024. DPs to take note and ensure compliance with the regulatory amendments.

CDSL/RISK/DP/POLCY/2024/738

• date_issued: 2024-12-06
• issuer: CDSL
• title: “SUBMISSION OF ANNUAL VAPT REPORT”
• applies_to: depository
• in_force_date: 2024-12-31
• status: superseded
• superseded_by: CDSL/IS/DP/POLCY/2025/681
• impact_areas: cyber-security, system-audit, reporting
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2024-738&action=communique

Annual VAPT (Sept–Nov FY 2024-25) report (after Technology Committee approval) to be uploaded on Audit Web Portal https://auditweb.cdslindia.com by December 31, 2024 in PDF format. References CDSL/AUDIT/DP/POLICY/2023/58 (Jan 25, 2023) and SEBI Circular SEBI/HO/MIRSD/TPD/P/CIR/2022/80 (Jun 7, 2022).

CDSL/OPS/DP/POLCY/2024/730

• date_issued: 2024-12-04
• issuer: CDSL
• title: “SEBI CIR - MASTER CIRCULAR FOR DEPOSITORIES”
• applies_to: depository, broker
• in_force_date: [unknown — verify]
• status: in-force
• impact_areas: onboarding, transmission, nominee, file-format, reporting, surveillance
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2024-730&action=communique

Disseminates SEBI Master Circular for Depositories SEBI/HO/MRD/MRD-PoD-1/P/CIR/2024/168 dated December 3, 2024. Consolidates all SEBI guidelines applicable to depositories as of October 31, 2024 (replacing the October 2023 SEBI Master Circular).

CDSL/OPS/DP/SYSTM/2024/628

• date_issued: 2024-10-21
• issuer: CDSL
• title: “CHANGES IN NOMINEE ADDRESS AND CAPTURING MASKED AADHAAR”
• applies_to: depository, broker
• in_force_date: [unknown — verify]
• status: in-force
• impact_areas: nominee, dpdp, kyc-modification, file-format
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2024-628&action=communique

At account opening/modification, only Nominee name, DOB, serial number, % share, relationship with BO are mandatory; all other nominee fields are optional (Guardian details mandatory if nominee is minor). Aadhaar of holder/Nominee/Guardian must be captured in masked format (first 8 digits “X”, last 4 visible). References CDSL/OPS/DP/POLCY/2024/317 (Jun 11, 2024).

CDSL/IG/DP/GENRL/2024/593

• date_issued: 2024-10-07
• issuer: CDSL
• title: “UPDATES RELATING TO SCORES 2.0”
• applies_to: depository, broker
• in_force_date: 2024-04-01
• status: in-force
• impact_areas: grievance, scores-odr, reporting
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2024-593&action=communique

DPs to update SCORES 2.0 details on their websites and resources (new domain https://scores.sebi.gov.in versus old www.scores.gov.in) and update mobile app URLs (Android / iOS). Aligns to SEBI PR No.06/2024 on SCORES 2.0 launch.

CDSL/OPS/DP/POLCY/2024/580

• date_issued: 2024-09-30
• issuer: CDSL
• title: “POP UP FOR NOMINATION THROUGH EASI / EASIEST & CDSL WEBSITE”
• applies_to: depository
• in_force_date: immediate
• status: in-force
• impact_areas: nominee, other
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2024-580&action=communique

Pop-up made available for nomination-deficient demat accounts on easi/easiest, CDSL website and mobile app post-login. References CDSL/OPS/DP/POLCY/2023/155 (Mar 10, 2023) and CDSL/OPS/DP/POLCY/2024/317 (Jun 11, 2024).

CDSL/OPS/DP/SETT/2024/549

• date_issued: 2024-09-19
• issuer: CDSL
• title: “CUSTODIAN PARTICIPATION IN T+0 ROLLING SETTLEMENT”
• applies_to: depository, broker, clearing-corp
• in_force_date: 2024-09-30
• status: in-force
• impact_areas: settlement, t0-t1
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2024-549&action=communique

Extends T+0 rolling settlement framework to trades with custodial-participant (CP) code effective September 30, 2024 per NCL/CMPT/63165 and ICCL Circular 20240731-47. Provides operational guidelines for custodian clients. References CDSL/OPS/DP/SETT/2024/164 (Mar 21, 2024).

CDSL/OPS/DP/POLCY/2024/538

• date_issued: 2024-09-16
• issuer: CDSL
• title: “SEBI CIR MODIFICATIONS IN GUIDELINES FOR BUSINESS CONTINUITY PLAN (BCP) AND DISASTER RECOVERY (DR)”
• applies_to: depository, broker
• in_force_date: [unknown — verify]
• status: in-force
• impact_areas: bcp-dr, system-audit
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2024-538&action=communique

Disseminates SEBI Circular SEBI/HO/MRD/TPD/P/CIR/2024/119 dated September 12, 2024 — Modifications in BCP/DR guidelines for Market Infrastructure Institutions (MIIs). Updates the RTO/RPO targets, near-DR site requirements, and DR drill cadence.

CDSL/OPS/DP/POLCY/2024/484

• date_issued: 2024-08-26
• issuer: CDSL
• title: “VALIDATION OF KYC RECORDS WITH KRA”
• applies_to: depository, broker
• in_force_date: [unknown — verify]
• status: in-force
• impact_areas: onboarding, re-KYC, kyc-modification
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2024-484&action=communique

Provides DP-wise list of demat accounts with non-validated PANs (KRA validation deficiency from July 2024 cycle) via billing folder file BLNG<>_KRA_DEFICIENT_BO_26082024.tar. References CDSL/OPS/DP/POLCY/2024/344 (Jun 21, 2024).

CDSL/OPS/DP/POLCY/2024/468

• date_issued: 2024-08-21
• issuer: CDSL
• title: “SEBI CIR - CYBERSECURITY AND CYBER RESILIENCE FRAMEWORK (CSCRF) FOR SEBI REGULATED ENTITIES (REs)”
• applies_to: depository, broker
• in_force_date: [unknown — verify]
• status: in-force
• impact_areas: cyber-security, system-audit, reporting, bcp-dr
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2024-468&action=communique

Disseminates SEBI Circular SEBI/HO/ITD-1/ITD_CSC_EXT/P/CIR/2024/113 dated August 20, 2024 — Cybersecurity and Cyber Resilience Framework (CSCRF) for SEBI regulated entities. Replaces 2018/2019 cyber-security circulars with a wide-coverage framework based on NIST CSF and CERT-In CCMP goals.

CDSL/OPS/DP/POLCY/2024/400

• date_issued: 2024-07-18
• issuer: CDSL
• title: “ADDITIONAL CRITERIA FOR DORMANT DEMAT ACCOUNTS”
• applies_to: depository
• in_force_date: [unknown — verify]
• status: in-force
• impact_areas: dormant, kyc-modification
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2024-400&action=communique

Non-financial transactions (e.g., KYC updation on client request) shall also be considered when treating a demat account as active/dormant. If KYC details have been updated during a continuous 12-month period but no securities transactions have occurred, the account remains active. References CDSL/OPS/DP/POLCY/2024/162 (Mar 21, 2024).

CDSL/OPS/DP/POLCY/2024/367

• date_issued: 2024-07-02
• issuer: CDSL
• title: “SEBI CIR - DISPATCH OF CONSOLIDATED ACCOUNT STATEMENT (CAS) FOR ALL SECURITIES ASSETS”
• applies_to: depository
• in_force_date: [unknown — verify]
• status: in-force
• impact_areas: reporting, mutual-funds
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2024-367&action=communique

Disseminates SEBI Circular SEBI/HO/MRD-PoD2/CIR/P/2024/93 dated July 1, 2024 — Dispatch of CAS for all securities assets (demat holdings, mutual fund folios, AIF units etc.) under a single statement to investors.

CDSL/OPS/DP/POLCY/2024/358

• date_issued: 2024-06-29
• issuer: CDSL
• title: “SEBI CIR - FACILITY FOR BASIC SERVICES DEMAT ACCOUNT (BSDA) FOR FINANCIAL INCLUSION AND EASE OF INVESTING”
• applies_to: depository, broker
• in_force_date: [unknown — verify]
• status: in-force
• impact_areas: onboarding, closure, other
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2024-358&action=communique

Disseminates SEBI Circular SEBI/HO/MIRSD/MIRSD-PoD1/P/CIR/2024/91 dated June 28, 2024 — revised BSDA framework with raised value limit (10 lakh) and revised AMC slabs for promoting financial inclusion.

CDSL/OPS/DP/SYSTM/2024/341

• date_issued: 2024-06-20
• issuer: CDSL
• title: “SURVEILLANCE OBLIGATION OF DEPOSITORY PARTICIPANT AND AMENDMENT IN QUARTERLY REPORTING FORMAT”
• applies_to: depository
• in_force_date: [unknown — verify]
• status: in-force
• impact_areas: surveillance, reporting, file-format
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2024-341&action=communique

Adds columns to the quarterly surveillance reporting format to give a comprehensive overview of alerts generated by DPs. References earlier surveillance communiques (309 dated July 15, 2021; 5 dated January 4, 2022; 88 dated February 10, 2023) on alert generation and policy.

CDSL/OPS/DP/POLCY/2024/317

• date_issued: 2024-06-11
• issuer: CDSL
• title: “UPDATION OF CHOICE OF NOMINATION”
• applies_to: depository, broker
• in_force_date: [unknown — verify]
• status: in-force
• impact_areas: nominee, kyc-modification
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2024-317&action=communique

Removes freeze-for-debit for nomination non-compliant accounts of existing investors per SEBI Circular SEBI/HO/MIRSD/POD-1/P/CIR/2024/81 (Jun 10, 2024). Only 3 fields mandatory for updating nomination: name, share %, and one of (PAN/Aadhaar last 4 digits/Driving License/Passport). Removes freeze on corporate-benefit payments and physical-folio service.

CDSL/OPS/DP/EASI/2024/310

• date_issued: 2024-06-07
• issuer: CDSL
• title: “IMPLEMENTATION OF TWO FACTOR AUTHENTICATION IN EASI & EASIEST LOGIN”
• applies_to: depository
• in_force_date: [unknown — verify]
• status: in-force
• impact_areas: cyber-security, other
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2024-310&action=communique

Two-Factor Authentication (2FA) added to easi / easiest BO login: OTP on registered mobile and email (NRIs receive email-only OTP), OTP valid for 5 minutes. Required for both new and existing easi / easiest users.

CDSL/OPS/DP/POLCY/2024/312

• date_issued: 2024-06-07
• issuer: CDSL
• title: “SEBI CIR UPLOADING OF KYC INFORMATION BY KYC REGISTRATION AGENCIES TO CENTRAL KYC RECORDS REGISTRY”
• applies_to: depository, broker
• in_force_date: [unknown — verify]
• status: in-force
• impact_areas: onboarding, re-KYC, kyc-modification
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2024-312&action=communique

Disseminates SEBI Circular SEBI/HO/MIRSD/SECFATF/P/CIR/2024/79 dated June 6, 2024 — KRAs to upload KYC records to Central KYC Records Registry (CKYCRR). Mandates DP-KRA-CKYCRR pipeline for onboarding and re-KYC.

CDSL/OPS/DP/POLCY/2024/230

• date_issued: 2024-04-29
• issuer: CDSL
• title: “MASTER CIRCULAR FOR DEPOSITORY PARTICIPANTS (DPS)”
• applies_to: depository
• in_force_date: 2024-03-31
• status: superseded
• superseded_by: CDSL/RCD/DP/GENRL/2025/280
• impact_areas: onboarding, transmission, nominee, file-format, system-audit, surveillance, reporting
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2024-230&action=communique

First-ever consolidated CDSL Master Circular for DPs, issued per SEBI Circular SEBI/HO/MRD/POD 3/CIR/P/2023/58 (Apr 20, 2023). Consolidates SEBI directives applicable to depositories and DPs as of March 31, 2024, segregated subject-wise.

CDSL/OPS/DP/POLCY/2024/208

• date_issued: 2024-04-18
• issuer: CDSL
• title: “DP OPERATING INSTRUCTIONS AS OF MARCH – 2024 CHAPTERS & ANNEXURES”
• applies_to: depository
• in_force_date: 2024-03-31
• status: superseded
• superseded_by: CDSL/OPS/DP/POLCY/2024/391
• impact_areas: onboarding, transmission, nominee, file-format, system-audit
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2024-208&action=communique

Re-issues the consolidated DP Operating Instructions Chapters and Annexures as of March 31, 2024, incorporating all amendments communicated to DPs via communiqués up to that date.

CDSL/OPS/DP/REPRT/2024/158

• date_issued: 2024-03-20
• issuer: CDSL
• title: “HARMONIZATION OF FILE FORMATS ACROSS DEPOSITORY”
• applies_to: depository, broker
• in_force_date: 2024-05-15
• status: in-force
• impact_areas: file-format, reporting
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2024-158&action=communique

Extends UDiFF parallel-run window to May 15, 2024 for files released so far (ISIN Master, etc.). Standardized file-name format: ISIN_MSTR_<<DP_ID>><<FILE_REQ_ID>><I/F>YYYYMMDDHHMM<>.csv. References parent harmonization communique CDSL/OPS/DP/REPRT/2023/726 (Dec 12, 2023).

CDSL/OPS/DP/POLCY/2024/107

• date_issued: 2024-02-21
• issuer: CDSL
• title: “SEBI CIR — CENTRALIZATION OF CERTIFICATIONS UNDER FATCA AND COMMON REPORTING STANDARD AT KRAS”
• applies_to: depository, broker
• in_force_date: [unknown — verify]
• status: in-force
• impact_areas: fatca-crs, onboarding, kyc-modification
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2024-107&action=communique

Disseminates SEBI Circular SEBI/HO/MIRSD/SECFATF/P/CIR/2024/12 dated February 20, 2024 — Centralization of FATCA / CRS certifications at KRAs. Moves the FATCA/CRS self-declaration capture and validation from each intermediary to the KRA layer.

CDSL/A,I&C/DP/POLCY/2024/96

• date_issued: 2024-02-15
• issuer: CDSL
• title: “REPORTING OF CYBER INCIDENTS”
• applies_to: depository, broker
• in_force_date: [unknown — verify]
• status: in-force
• impact_areas: cyber-security, reporting
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2024-96&action=communique

Cyber attacks/threats/incidents/breaches must be reported to Exchanges/Depositories and SEBI within 6 hours of detection per SEBI Circular SEBI/HO/MIRSD/TPD/P/CIR/2022/93 dated June 30, 2022. Additional CERT-In reporting and “Protected System” notifications apply.

CDSL/OPS/DP/POLCY/2024/88

• date_issued: 2024-02-12
• issuer: CDSL
• title: “VALIDATION OF KYC RECORDS WITH KRA”
• applies_to: depository, broker
• in_force_date: [unknown — verify]
• status: in-force
• impact_areas: onboarding, re-KYC, kyc-modification
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2024-88&action=communique

Periodic KRA invalid-KYC update covering Sep 1, 2023 to Jan 31, 2024. Identifies DP-wise accounts against invalidated PANs (both Aadhaar and non-Aadhaar based) via billing folder file BLNG<>_KRA_DEFICIENT_BO_05022024.tar. References CDSL/OPS/DP/POLCY/2023/693 (Nov 29, 2023).

CDSL/OPS/DP/POLCY/2024/51

• date_issued: 2024-01-20
• issuer: CDSL
• title: “INTRODUCTION OF NEW FREEZE REASON CODE FOR LEGAL ENTITY IDENTIFIER”
• applies_to: depository
• in_force_date: [unknown — verify]
• status: in-force
• impact_areas: kyc-modification, non-individual, file-format
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2024-51&action=communique

Introduces new freeze reason code “30 — LEI Expiry / Lapse” in CDSL system, supporting LEI mandate for non-individual FPIs (reference: CDSL/OPS/DP/POLCY/2023/435 dated Jul 28, 2023).

CDSL/A,I&C/DP/POLCY/2024/12

• date_issued: 2024-01-05
• issuer: CDSL
• title: “REPORTING FOR ARTIFICIAL INTELLIGENCE (AI) AND MACHINE LEARNING (ML) APPLICATIONS AND SYSTEMS OFFERED AND USED BY MARKET INTERMEDIARIES”
• applies_to: depository, broker
• in_force_date: [unknown — verify]
• status: in-force
• impact_areas: reporting, system-audit
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2024-12&action=communique

Frequency of AI/ML application reporting reduced from Quarterly to Annual based on SEBI direction. References original SEBI Circular SEBI/HO/MIRSD/DOS2/CIR/P/2019/10 (Jan 4, 2019) and CDSL Communique CDSL/OPS/DP/POLCY/2019/12 (Jan 7, 2019).

CDSL/OPS/DP/POLCY/2023/643

• date_issued: 2023-11-03
• issuer: CDSL
• title: “VALIDATION OF AADHAAR BASED KYC RECORDS WITH KRA”
• applies_to: depository, broker
• in_force_date: [unknown — verify]
• status: in-force
• impact_areas: onboarding, re-KYC, kyc-modification
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2023-643&action=communique

KRAs share updated invalid-KYC list (Aug 31, 2023 cut-off) including PAN-not-seeded-with-Aadhaar and invalid mobile/email cases. DPs to freeze accounts of identified BOs and follow up for KYC validation. References CDSL/OPS/DP/SYSTM/2023/525 (Sep 5, 2023).

CDSL/OPS/DP/POLCY/2023/595

• date_issued: 2023-10-10
• issuer: CDSL
• title: “SEBI — MASTER CIRCULAR FOR DEPOSITORIES”
• applies_to: depository, broker
• in_force_date: [unknown — verify]
• status: superseded
• superseded_by: CDSL/OPS/DP/POLCY/2024/730
• impact_areas: onboarding, transmission, nominee, file-format, reporting, surveillance
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2023-595&action=communique

Disseminates SEBI Master Circular for Depositories SEBI/HO/MRD/MRD-PoD-2/P/CIR/2023/166 dated October 6, 2023, consolidating prior SEBI guidelines for depositories as of August 31, 2023.

CDSL/OPS/DP/POLCY/2023/470

• date_issued: 2023-08-09
• issuer: CDSL
• title: “SEBI — FACILITY TO REMEDY ERRONEOUS TRANSFERS IN DEMAT ACCOUNTS”
• applies_to: depository, broker
• in_force_date: [unknown — verify]
• status: in-force
• impact_areas: transmission, settlement
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2023-470&action=communique

Disseminates SEBI Circular SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2023/139 dated August 8, 2023 — Facility to remedy erroneous transfers in demat accounts (reversal of mistaken off-market / inter-depository transfers).

CDSL/A,I&C/DP/POLCY/2023/298

• date_issued: 2023-05-16
• issuer: CDSL
• title: “SUBMISSION OF ANNUAL SYSTEM AUDIT REPORT”
• applies_to: depository
• in_force_date: [unknown — verify]
• status: in-force
• impact_areas: system-audit, cyber-security, reporting
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2023-298&action=communique

Annual System Audit Report submission manual, with revised checklist per SEBI Circular SEBI/HO/MIRSD/TPD/P/CIR/2022/80 dated Jun 7, 2022. Requires MD/CEO/Partners declaration of compliance with all SEBI cyber-security circulars/advisories along with the System Audit Report.

CDSL/OPS/DP/SYSTM/2023/280

• date_issued: 2023-05-05
• issuer: CDSL
• title: “PMS MANAGER DETAILS IN CDAS”
• applies_to: depository, broker
• in_force_date: [unknown — verify]
• status: in-force
• impact_areas: onboarding, file-format, non-individual
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2023-280&action=communique

New purpose code 23 in BO setup upload to record PMS manager details. PMS BO sub-type accounts require PMS manager details; non-PMS sub-types with PMS manager details will be rejected. References file-format communique CDSL/OPS/DP/SYSTM/2023/119 (Feb 22, 2023).

CDSL/OPS/DP/REPRT/2023/263

• date_issued: 2023-04-28
• issuer: CDSL
• title: “HARMONIZATION OF FILE FORMATS ACROSS DEPOSITORY”
• applies_to: depository, broker
• in_force_date: [unknown — verify]
• status: in-force
• impact_areas: file-format, reporting
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2023-263&action=communique

Begins the cross-depository harmonization (UDiFF) of file formats under SEBI’s Market Data Advisory Committee (MDAC). Releases harmonized ISIN Master (CD03) and Settlement Master (CD07) formats with parallel-run alongside existing formats; old formats to be phased out.

CDSL/A,I&C/DP/POLCY/2023/256

• date_issued: 2023-04-26
• issuer: CDSL
• title: “FRAMEWORK FOR FREEZING OF CLIENT’S DEMAT ACCOUNT ON NON-DELIVERY OF SCN-ORDER”
• applies_to: depository
• in_force_date: [unknown — verify]
• status: in-force
• impact_areas: surveillance, reporting
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2023-256&action=communique

Reduces window for SCN/order physical delivery from 30 to 15 working days. If undelivered, MIIs/DPs to freeze client account (debit and credit, except corporate actions) based on PAN within 5 working days of the last unsuccessful delivery. References CDSL/A,I&C/DP/POLCY/2022/515 (Sep 8, 2022).

CDSL/OPS/DP/POLCY/2023/192

• date_issued: 2023-03-27
• issuer: CDSL
• title: “SEBI CIR — NOMINATION FOR ELIGIBLE TRADING AND DEMAT ACCOUNTS – EXTENSION OF TIMELINES”
• applies_to: depository, broker
• in_force_date: [unknown — verify]
• status: in-force
• impact_areas: nominee
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2023-192&action=communique

Disseminates SEBI Circular SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2023/42 dated March 27, 2023 extending the nomination compliance deadline for existing account holders beyond March 31, 2023.

CDSL/OPS/DP/POLCY/2023/186

• date_issued: 2023-03-23
• issuer: CDSL
• title: “NOMINATION FOR ELIGIBLE DEMAT ACCOUNTS”
• applies_to: depository
• in_force_date: 2023-03-31
• status: in-force
• impact_areas: nominee
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2023-186&action=communique

Reiterates that DPs must not record “Opted out of Nomination” without explicit consent of the BO. Highlights compliance risk if DPs unilaterally flag opt-out; reiterates the March 31, 2023 deadline beyond which non-compliant accounts will be frozen for debits.

CDSL/OPS/DP/POLCY/2023/155

• date_issued: 2023-03-10
• issuer: CDSL
• title: “REGISTRATION OF NOMINATION THROUGH EASI / EASIEST & CDSL WEBSITE”
• applies_to: depository
• in_force_date: 2023-03-31
• status: in-force
• impact_areas: nominee, kyc-modification
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2023-155&action=communique

Online BO-facing nomination registration through easi / easiest and CDSL website ahead of the March 31, 2023 deadline. Confirms freeze-for-debits will be applied to demat accounts under Individual/NRI/Foreign National status with PAN 4th letter “P” if nomination is not captured by the deadline.

CDSL/OPS/DP/POLCY/2023/149

• date_issued: 2023-03-09
• issuer: CDSL
• title: “SEBI CIR — FRAMEWORK FOR ADOPTION OF CLOUD SERVICES BY SEBI REGULATED ENTITIES”
• applies_to: depository, broker
• in_force_date: [unknown — verify]
• status: in-force
• impact_areas: cyber-security, system-audit
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2023-149&action=communique

Disseminates SEBI Circular SEBI/HO/ITD/ITD_VAPT/P/CIR/2023/033 dated March 6, 2023 — Framework for adoption of cloud services by SEBI regulated entities (REs). Sets baseline standards for cloud computing, vendor selection, data security, exit, and audit.

CDSL/PMLA/DP/POLCY/2022/138

• date_issued: 2023-03-03
• issuer: CDSL
• title: “FATF PUBLIC STATEMENTS AFTER FEBRUARY 2023 PLENARY”
• applies_to: depository, broker
• in_force_date: immediate
• status: in-force
• impact_areas: aml, reporting
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2023-138&action=communique

Re-circulates FATF Public Statements following February 2023 Plenary identifying jurisdictions with strategic AML / CFT deficiencies. Provides FATF URLs (Increased Monitoring; Call for Action lists) for DP action under PMLA framework. (Note: communique number reads as 2022/138 in PDF text but registered under 2023 in CDSL index.)

CDSL/OPS/DP/SYSTM/2023/119

• date_issued: 2023-02-22
• issuer: CDSL
• title: “CHANGE IN ACCOUNT OPENING FILE FORMATS”
• applies_to: depository, broker
• in_force_date: [unknown — verify]
• status: in-force
• impact_areas: onboarding, file-format
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2023-119&action=communique

Updates BO account-opening upload file formats to incorporate SEBI Mode of Operation revisions (SEBI letter MRD2/DDAP/OW/P/2021/8567/1 dated Apr 9, 2021) and Nomination requirements per CDSL/OPS/DP/POLCY/2021/32 (Jul 26, 2021). Provides annexures for back-office implementation.

CDSL/AUDIT/DP/POLICY/2023/58

• date_issued: 2023-01-25
• issuer: CDSL
• title: “MODIFICATION IN CYBER SECURITY AND CYBER RESILIENCE FRAMEWORK FOR DEPOSITORY PARTICIPANTS”
• applies_to: depository
• in_force_date: [unknown — verify]
• status: superseded
• superseded_by: CDSL/OPS/DP/POLCY/2024/468
• impact_areas: cyber-security, system-audit, reporting
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2023-58&action=communique

Operationalises SEBI Circular SEBI/HO/MIRSD/TPD/P/CIR/2022/80 dated Jun 7, 2022 amended Para 42 — DPs to conduct VAPT at least once per financial year using CERT-In empanelled organisations; final VAPT report (after Technology Committee approval) due within 1 month of completion.

CDSL/OPS/DP/POLCY/2023/49

• date_issued: 2023-01-20
• issuer: CDSL
• title: “NOMINATION FOR ELIGIBLE DEMAT ACCOUNTS”
• applies_to: depository, broker
• in_force_date: 2023-03-31
• status: superseded
• superseded_by: CDSL/OPS/DP/POLCY/2023/192
• impact_areas: nominee, onboarding
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2023-49&action=communique

Sets March 31, 2023 deadline for existing demat-account holders to either provide nomination or opt out — failing which accounts are frozen for debits. Refers to SEBI Circular SEBI/HO/MIRSD/MIRSD_RTAMB/P/CIR/2022/23 dated Feb 24, 2022 on extension of nomination timeline.

CDSL/OPS/DP/SYSTM/2023/43

• date_issued: 2023-01-19
• issuer: CDSL
• title: “DEMAT DEBIT AND PLEDGE INSTRUCTION (DDPI)”
• applies_to: depository, broker
• in_force_date: [unknown — verify]
• status: in-force
• impact_areas: settlement, pledge, file-format
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2023-43&action=communique

Further DDPI implementation guidance with file-format updates and consent-type additions. Includes references to CDSL/OPS/DP/POLCY/2022/194, 2022/332, 2022/463, 2022/476, 2022/585, 2022/643. Designed to align back-office systems for DDPI processing.

CDSL/OPS/DP/SYSTM/2023/9

• date_issued: 2023-01-05
• issuer: CDSL
• title: “DEMAT DEBIT AND PLEDGE INSTRUCTION (DDPI)”
• applies_to: depository, broker
• in_force_date: [unknown — verify]
• status: in-force
• impact_areas: settlement, pledge, file-format
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2023-9&action=communique

Consolidated reference of DDPI-related communiques: CDSL/OPS/DP/POLCY/2022/194 (Apr 5, 2022); CDSL/OPS/DP/SYSTM/2022/332 (Jun 14, 2022) operational modalities; CDSL/OPS/DP/SYSTM/2022/463 (Aug 12, 2022) additional clarification; CDSL/OPS/DP/SYSTM/2022/476 (Aug 19, 2022) schedule change; CDSL/OPS/DP/POLCY/2022/585 (Oct 7, 2022) SEBI additional clarification; CDSL/OPS/DP/POLCY/2022/643 (Nov 4, 2022) more modalities.

CDSL/OPS/DP/SYSTM/2022/332

• date_issued: 2022-06-14
• issuer: CDSL
• title: “DEMAT DEBIT AND PLEDGE INSTRUCTION (DDPI)”
• applies_to: depository, broker
• in_force_date: 2022-07-01
• status: in-force
• impact_areas: settlement, pledge, margin, file-format
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2022-332&action=communique

Operational guidelines for DDPI: discontinuation of optional Settlement-Specific POA linking on demat accounts; activation flow for clients who voluntarily authorize TM/CM for transfer / margin pledge; mapping of CM accounts with CM POA / PMS POA / DDPI Master; file formats and technical specs.

CDSL/OPS/DP/POLCY/2022/194

• date_issued: 2022-04-05
• issuer: CDSL
• title: “EXECUTION OF ‘DEMAT DEBIT AND PLEDGE INSTRUCTION’ (DDPI) FOR TRANSFER OF SECURITIES”
• applies_to: depository, broker
• in_force_date: 2022-07-01
• status: in-force
• impact_areas: settlement, pledge, margin, file-format
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2022-194&action=communique

Disseminates SEBI Circular SEBI/HO/MIRSD/DoP/P/CIR/2022/44 dated April 4, 2022 on Execution of DDPI for transfer of securities for stock-exchange deliveries/settlement obligations and pledging/re-pledging. Effective July 1, 2022; operational modalities to follow separately. Replaces POA for these limited purposes.

CDSL/OPS/DP/POLCY/2022/115

• date_issued: 2022-03-02
• issuer: CDSL
• title: “OPENING OF DEMAT ACCOUNT IN CASE OF HINDU UNDIVIDED FAMILY (HUF)”
• applies_to: depository, broker
• in_force_date: [unknown — verify]
• status: in-force
• impact_areas: onboarding, non-individual
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2022-115&action=communique

Disseminates SEBI Circular SEBI/HO/MRD2/DDAP/CIR/P/2022/20 dated Feb 17, 2022 — corrigendum to SEBI Master Circular for Depositories (Feb 5, 2021) on opening of demat account in case of HUF. DPs to ensure compliance for HUF account opening.

CDSL/OPS/DP/GENRL/2021/518

• date_issued: 2021-11-17
• issuer: CDSL
• title: “ONLINE ACCOUNT OPENING — OTHER INDIVIDUAL AND NON-INDIVIDUAL ACCOUNTS”
• applies_to: depository, broker
• in_force_date: immediate
• status: in-force
• impact_areas: onboarding, esign, non-individual, kyc-modification
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2021-518&action=communique

Follow-up to CDSL/OPS/DP/GENRL/2021/447 (Oct 4, 2021). Reiterates online-opening rules for non-individual / other-individual demat accounts and references SEBI tech-KYC framework circular SEBI/HO/MIRSD/DOP/CIR/P/2020/73 (Apr 24, 2020) and CDSL FAQ communique CDSL/OPS/DP/POLCY/2020/342 (Aug 10, 2020).

CDSL/OPS/DP/GENRL/2021/446

• date_issued: 2021-10-04
• issuer: CDSL
• title: “USING e-DIS (ELECTRONIC DELIVERY INSTRUCTIONS)”
• applies_to: depository, broker
• in_force_date: immediate
• status: in-force
• impact_areas: settlement, file-format, derivatives, nri, minor-joint
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2021-446&action=communique

Extends e-DIS facility to all investor categories including joint holders, minor through guardian, sole NRI (subject to suitable undertaking obtained by DP), in addition to sole resident individuals. Specifies TPIN+OTP authentication; e-DIS valid for one calendar day.

CDSL/OPS/DP/GENRL/2021/447

• date_issued: 2021-10-04
• issuer: CDSL
• title: “ONLINE ACCOUNT OPENING — OTHER INDIVIDUAL AND NON-INDIVIDUAL ACCOUNTS”
• applies_to: depository, broker
• in_force_date: immediate
• status: in-force
• impact_areas: onboarding, esign, non-individual, nri, minor-joint
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2021-447&action=communique

Extends online demat account opening (earlier limited to sole resident individual and joint holders) to other-than-individual and non-individual accounts via a semi-automated process. Account-opening forms and supporting documents to be e-signed/digitally signed by holder/authorized signatories; DP team checks documents per Operating Instructions before system entry.

CDSL/OPS/DP/POLCY/2021/325

• date_issued: 2021-07-26
• issuer: CDSL
• title: “NOMINATION FOR ELIGIBLE TRADING AND DEMAT ACCOUNTS”
• applies_to: depository, broker
• in_force_date: [unknown — verify]
• status: superseded
• superseded_by: CDSL/OPS/DP/POLCY/2025/32
• impact_areas: nominee, onboarding
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2021-325&action=communique

Disseminates SEBI Circular SEBI/HO/MIRSD/RTAMB/CIR/P/2021/601 dated July 23, 2021 — mandates nomination or explicit opt-out for all new and existing eligible demat and trading accounts. Trigger for several CDSL communiques on demat-account freeze if choice of nomination is not exercised.

CDSL/OPS/DP/SYSTM/2021/309

• date_issued: 2021-07-15
• issuer: CDSL
• title: “SURVEILLANCE OBLIGATION OF DEPOSITORY PARTICIPANT”
• applies_to: depository
• in_force_date: [unknown — verify]
• status: in-force
• impact_areas: surveillance, reporting, aml
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2021-309&action=communique

Mandates each DP to frame a surveillance policy proportionate to nature of business, client mix, demat account count and transaction volume. Lays out indicative themes for surveillance alerts and obligation for the DP to monitor client transactions.

CDSL/AUDIT/DP/POLCY/2021/302

• date_issued: 2021-07-09
• issuer: CDSL
• title: “SUBMISSION OF ANNUAL SYSTEM AUDIT REPORT, INCIDENT/ QUARTERLY REPORTING OF CYBER-ATTACKS, THREATS AND REPORTING OF ARTIFICIAL INTELLIGENCE (AI) AND MACHINE LEARNING (ML) APPLICATION AND SYSTEMS USED BY DPS”
• applies_to: depository
• in_force_date: [unknown — verify]
• status: superseded
• superseded_by: CDSL/A,I&C/DP/POLCY/2023/298
• impact_areas: system-audit, cyber-security, reporting
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2021-302&action=communique

Consolidates SEBI cyber and AI/ML reporting requirements (SEBI/HO/MIRSD/CIR/PB/2018/147 dated Dec 3, 2018; SEBI/HO/MIRSD/DOP/CIR/P/2019/109 dated Oct 15, 2019; SEBI/HO/MIRSD/DOS2/CIR/P/2019/10 dated Jan 4, 2019). Defines annual system audit, quarterly cyber incident and AI/ML reporting cadence for DPs.

CDSL/OPS/DP/POLCY/2021/152

• date_issued: 2021-04-05
• issuer: CDSL
• title: “MANDATORY UPDATION OF CERTAIN ATTRIBUTES OF KYC OF CLIENTS”
• applies_to: depository, broker
• in_force_date: [unknown — verify]
• status: in-force
• impact_areas: onboarding, re-KYC, kyc-modification
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2021-152&action=communique

Makes 6 KYC attributes mandatory across all client categories — Name, Address, PAN, valid mobile number, valid email-id, income range. Provides operational checks for PAN and joint-holder linkage, in consultation with MIIs and SEBI.

CDSL/OPS/DP/POLCY/2021/127

• date_issued: 2021-03-22
• issuer: CDSL
• title: “CLARIFICATION ON DOWNLOADING OF THE KYC DOCUMENTS OF CLIENTS FROM KRA SYSTEM”
• applies_to: depository, broker
• in_force_date: immediate
• status: in-force
• impact_areas: onboarding, kyc-modification
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2021-127&action=communique

Clarification under Regulation 16(b) of SEBI KRA Regulations, 2011 that when a client approaches another intermediary, DP shall verify and download KYC from KRA system. On change in KYC, DP is responsible for uploading updated information to KRA and retaining physical documents.

CDSL/OPS/DP/REPRT/2021/68

• date_issued: 2021-02-16
• issuer: CDSL
• title: “INCREASE IN WIDTH OF PLEDGE SEQUENCE NUMBER”
• applies_to: depository, broker
• in_force_date: [unknown — verify]
• status: in-force
• impact_areas: pledge, file-format, reporting
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2021-68&action=communique

Pledge Sequence Number (PSN) field width increased from 8 to 10 digits for pledge, margin pledge, re-pledge and margin funding pledge transactions. Lists impacted files / reports — Common Upload File Format, DPM6 (Success/Failure), DP36 (Pledge Master), and downstream back-office reports.

CDSL/AUDIT/DP/POLCY/2020/455

• date_issued: 2020-10-16
• issuer: CDSL
• title: “REVISED FORMAT FOR REPORT ON INTERNAL AUDIT AND CONCURRENT AUDIT OF RISK PRONE AREAS OF DP OPERATIONS FOR HALF YEAR ENDED 30TH SEPTEMBER 2020”
• applies_to: depository
• in_force_date: 2020-09-30
• status: in-force
• impact_areas: system-audit, reporting
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2020-455&action=communique

Revised checklist for half-yearly internal audit report (IAR) and concurrent audit report (CAR) of risk-prone areas per CDSL Bye-Law 16.3.1. Provides Annexure-A (IAR template) and Annexure-B (CAR for risk-prone areas) and consolidated submission rules.

CDSL/OPS/DP/POLCY/2020/342

• date_issued: 2020-08-10
• issuer: CDSL
• title: “FAQ ON SEBI CIRCULAR — CLARIFICATION ON KNOW YOUR CLIENT (KYC) PROCESS AND USE OF TECHNOLOGY FOR KYC”
• applies_to: depository, broker
• in_force_date: immediate
• status: in-force
• impact_areas: onboarding, re-KYC, digi-locker, esign
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2020-342&action=communique

Common KYC FAQ prepared by both depositories in consultation with SEBI, covering technology-based KYC under SEBI Circular SEBI/HO/MIRSD/DOP/CIR/P/2020/73 (Apr 24, 2020). Provides interpretation of DigiLocker, e-Sign, VIPV requirements that DPs must follow.

CDSL/OPS/DP/POLCY/2020/338

• date_issued: 2020-08-07
• issuer: CDSL
• title: “MARGIN OBLIGATIONS TO BE GIVEN BY WAY OF MARGIN PLEDGE / MARGIN RE-PLEDGE IN THE DEPOSITORY SYSTEM”
• applies_to: depository, broker
• in_force_date: 2020-08-08
• status: in-force
• impact_areas: margin, pledge, reporting, file-format
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2020-338&action=communique

Based on DP feedback, changes sequence of status codes in DP57 report effective August 8, 2020 to make pledge / margin pledge / margin re-pledge / margin funding pledge transaction status identifiable for back-office software.

CDSL/OPS/DP/POLCY/2020/326

• date_issued: 2020-07-28
• issuer: CDSL
• title: “MARGIN OBLIGATIONS TO BE GIVEN BY WAY OF MARGIN PLEDGE / MARGIN RE-PLEDGE IN THE DEPOSITORY SYSTEM”
• applies_to: depository, broker
• in_force_date: [unknown — verify]
• status: superseded
• superseded_by: CDSL/OPS/DP/POLCY/2020/338
• impact_areas: margin, pledge, file-format, reporting
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2020-326&action=communique

Further amends margin pledge file formats; introduces additional fields in DP57 report and additional tilde (~) separators in CDSL format. References earlier communique CDSL/OPS/DP/SYSTM/2018/465 on consideration payment fields.

CDSL/OPS/DP/POLCY/2020/309

• date_issued: 2020-07-16
• issuer: CDSL
• title: “MARGIN OBLIGATIONS TO BE GIVEN BY WAY OF MARGIN PLEDGE / MARGIN RE-PLEDGE IN THE DEPOSITORY SYSTEM”
• applies_to: depository, broker
• in_force_date: 2020-08-01
• status: superseded
• superseded_by: CDSL/OPS/DP/POLCY/2020/338
• impact_areas: margin, pledge, rms, file-format
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2020-309&action=communique

Additional implementation points for the margin-pledge framework: account opening of TM/CM Client Securities Margin Pledge Account (TM/CM-CMPA), Professional Clearing Member (PCM) scenario, OTP authentication flows, revised DP57 report. Sequence of status codes and revised file formats included.

CDSL/OPS/DP/POLCY/2020/255

• date_issued: 2020-06-10
• issuer: CDSL
• title: “IMPLEMENTATION OF PROVISION REGARDING POWER OF ATTORNEY IN CIRCULAR DATED FEBRUARY 25, 2020 – EXTENSION”
• applies_to: depository, broker
• in_force_date: [unknown — verify]
• status: superseded
• superseded_by: CDSL/OPS/DP/POLCY/2022/194
• impact_areas: margin, pledge, rms
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2020-255&action=communique

Forwards SEBI Circular SEBI/HO/MIRSD/DOP/CIR/P/2020/90 dated May 29, 2020 extending the effective date for the POA-related provisions of the Feb 25, 2020 margin-pledge circular. DPs to take note of the extended timelines.

CDSL/OPS/DP/POLCY/2020/234

• date_issued: 2020-05-22
• issuer: CDSL
• title: “MARGIN OBLIGATIONS TO BE GIVEN BY WAY OF MARGIN PLEDGE / MARGIN RE-PLEDGE IN THE DEPOSITORY SYSTEM”
• applies_to: depository, broker
• in_force_date: 2020-08-01
• status: superseded
• superseded_by: CDSL/OPS/DP/POLCY/2020/309
• impact_areas: margin, pledge, rms, file-format
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2020-234&action=communique

Operational modalities and file formats for the new margin pledge (MP) / margin re-pledge (MRP) framework: TM-CMPA / CM-CMPA accounts, OTP-based client confirmation, prohibition on off-market transfers as collateral. Implements SEBI Circular SEBI/HO/MIRSD/DOP/CIR/P/2020/28 (Feb 25, 2020) with effect from August 1, 2020.

CDSL/OPS/DP/POLCY/2020/207

• date_issued: 2020-04-29
• issuer: CDSL
• title: “ADDITIONAL CHANGES IN DEMATERIALIZATION OF PHYSICAL SECURITIES”
• applies_to: depository
• in_force_date: immediate
• status: in-force
• impact_areas: onboarding, file-format
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2020-207&action=communique

Refers to communique CDSL/OPS/DP/POLCY/2020/31 (Jan 15, 2020). Allows DPs to set up demat requests even where Folio No./Certificate No. don’t match the Static Database (because of transfer, transmission, duplicate certificates). DPM6 report carries Filler2 with name/folio/certificate-mismatch indicators.

CDSL/OPS/DP/POLCY/2020/203

• date_issued: 2020-04-27
• issuer: CDSL
• title: “SEBI CIRCULAR — CLARIFICATION ON KNOW YOUR CLIENT (KYC) PROCESS AND USE OF TECHNOLOGY FOR KYC”
• applies_to: depository, broker
• in_force_date: [unknown — verify]
• status: in-force
• impact_areas: onboarding, re-KYC, digi-locker, esign, aa
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2020-203&action=communique

Disseminates SEBI Circular SEBI/HO/MIRSD/DOP/CIR/P/2020/73 dated April 24, 2020 on KYC process and technology — Aadhaar e-KYC, digital signing, video-in-person verification (VIPV) and DigiLocker. Amendments to DP Operating Instructions to follow.

CDSL/OPS/DP/EASI/2020/150

• date_issued: 2020-03-20
• issuer: CDSL
• title: “ADDITIONAL FACILITY OF GROUPING OF ACCOUNT FOR “easi/easiest” USER”
• applies_to: depository
• in_force_date: immediate
• status: in-force
• impact_areas: other
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2020-150&action=communique

Extends easi/easiest grouping facility (previously requiring physical form authentication) to an additional digital flow. References earlier communiques CDSL/OPS/DP/381 (Mar 4, 2004) and CDSL/OPS/DP/1418 (Jan 12, 2009). Allows BO to group up to 8 BOIDs under one primary login.

CDSL/OPS/DP/POLCY/2020/141

• date_issued: 2020-03-16
• issuer: CDSL
• title: “MAPPING OF UNIQUE CLIENT CODE WITH DEMAT ACCOUNTS OF THE CLIENTS”
• applies_to: depository, broker
• in_force_date: [unknown — verify]
• status: in-force
• impact_areas: onboarding, kyc-modification, reporting, file-format
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2020-141&action=communique

Operational guidance for mapping UCC with demat accounts of clients. References earlier communique CDSL/OPS/DP/POLCY/2019/580. Exchanges to provide UCC details daily based on 1st holder PAN, and DPs to obtain UCC at account opening — covers new openings as well as backlog mapping for existing accounts.

CDSL/OPS/DP/POLCY/2020/115

• date_issued: 2020-03-02
• issuer: CDSL
• title: “SEBI CIRCULAR — MARGIN OBLIGATIONS TO BE GIVEN BY WAY OF PLEDGE/ RE-PLEDGE IN THE DEPOSITORY SYSTEM”
• applies_to: depository, broker
• in_force_date: [unknown — verify]
• status: superseded
• superseded_by: CDSL/OPS/DP/POLCY/2020/234
• impact_areas: margin, pledge, rms
• primary_url: https://www.cdslindia.com/common/DownLoadFile.aspx?eventid=DP2020-115&action=communique

Disseminates SEBI Circular SEBI/HO/MIRSD/DOP/CIR/P/2020/28 dated February 25, 2020 on margin obligations to be given by way of pledge / re-pledge in the depository system. DPs are advised to take note; operational modalities to be informed separately. This was the precursor for the margin-pledge / re-pledge framework that replaced off-market collateral transfers.

Practical notes

• [gotcha] Circular IDs are case-sensitive and the issuer’s exact punctuation matters when looking them up on the official site.
• [industry practice] Most ops teams subscribe to the issuer’s email distribution list rather than scraping the site — leads to more reliable real-time tracking.
• [risk trade-off] Some entries are marked [unknown — verify] where the agent could not re-fetch the primary URL or the document used informal numbering; treat those as leads, not citations.

Verified through

2026-05-14

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AI-generated and not legal advice. See the project README for the full disclaimer.