SEBI Circular On Delivery Instructions Slips Issuance And Processing With DPs

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Securities and Exchange Board of India
CIRCULAR
CIR/MRD/DP/ 22 /2014

July 04, 2014

To,
The Depositories,
Dear Sir,
Subject: Delivery Instruction Slip (DIS) Issuance and Processing
1. SEBI has vide circular no. CIR/MRD/DP/ 01 /2014 dated

January

07,

2014

introduced guidelines to strengthen the supervisory and monitoring role of the
depositories and their participants with respect to issuance and processing of
Delivery Instruction Slips.
2. In light of the difficulties expressed by the depositories and the depository
participants (DPs) and considering their request, it has been decided to make the
circular effective from October 01, 2014.
3. Further, with regard to the provision under para 14 that DPs shall not accept old
DIS for execution from a Beneficial Owner (BO) who has been issued new DIS, it
is clarified that a period of one month may be given for receipt of DIS by the BOs.
The DPs may accept old DIS during this transit period. Further, while issuing
new DIS the DPs shall intimate the BO that old DIS cannot be used after the new
DIS is received.
4. The depositories shall ensure the implementation of the above within the
stipulated timelines. Other provisions of the circular would remain unchanged.
5. The Depositories are advised to:a) bring the provisions of this circular to the notice of their DPs and also to
disseminate the same on their website; and

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Securities and Exchange Board of India
b) make amendments to the relevant bye-laws, rules and regulations for
the

implementation

of

the

above

decision

as

may

be

applicable/necessary ;
c) communicate to SEBI, the status of implementation of the provisions of
this circular in the Monthly Development Report.
6. This circular is being issued in exercise of the powers conferred by Section 11 (1)
of Securities and Exchange Board of India Act, 1992 and section 19 of the
Depositories Act, 1996 to protect the interest of investors in securities and to
promote the development of, and to regulate, the securities market.

Maninder Cheema
Deputy General Manager
maninderc@sebi.gov.in



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