Services of brokers can be availed to Sale of securities allotted in Primary issues on the same day

RBI/2012-13/133
IDMD.PDRD.188 /03.64.00/2012-13

July 16, 2012

All market participants

Dear Sir/Madam,

Sale of securities allotted in Primary issues on the same day

Kindly make a reference to para 2(v) of our circular IDMC. PDRS. No. PDS.1/03.64.00/2000-01 dated October 6, 2000 on the captioned subject wherein it has been stated that services of brokers should not be used for sale of securities allotted in primary issues on the same day.

2. The guidelines have since been reviewed and it has been decided that services of brokers can also be availed for carrying out such sale contracts.

3. All other terms and conditions contained in the aforementioned circular remain unchanged.

Yours faithfully,

(K.K. Vohra)
Chief General Manager