Circular No. SEBI/HO/MIRSD/ MIRSD_DPIEA/P/CIR/2022/83, dt. 20-06-2022

Naming/Tagging of demat accounts maintained by Stock Brokers

1. SEBI vide circular no. SEBI/HO/MIRSD/MIRSD2/CIR/P/2016/95 dt.26-9-2016 had mandated uniform nomenclature to be followed by stock brokers for Naming/Tagging of Bank and Demat Accounts to reflect the purpose for which those bank/demat accounts are being maintained and the reporting of such accounts to the Stock Exchanges/Depositories.

2. Subsequently, vide circular no. CIR/HO/MIRSD/MIRSD2/CIR/P/2017/64 dt. 22-6-2017, circular no. CIR/HO/MIRSD/DOP/CIR/P/2019/75 dt 20-6-2019 and circular no. SEBI/HO/MIRSD/DOP/CIR/P/2020/28 dt. 25-2-2020, modifications to such naming/tagging of demat accounts have been prescribed.

3. Thus, currently, stock brokers are required to maintain demat accounts only under the following 5 categories: