Sebi okays use of shares in depository account as margin until Aug 31

Markets regulator Sebi on Monday said shares in depository account, which may be pledged or repledged, can be used as margin for another three months till August 31 in the wake of coronavirus pandemic.

The markets regulator in February came out with framework on margin obligation to be given by way of pledged or repledged shares in the depository system.

Under the framework, trading or clearing member need to accept collateral from clients in the form of securities, only by way of ''margin pledge'', created in the depository system with effect from June 1.

Now, the regulator has extended the guidelines by three