Taxmann's Analysis | SEBI's Game-Changing Move – 'UPI Block Facility' to Transform Secondary Market Trading
About this ebook
The SEBI vide. Circular No. SEBI/HO/MRD/MRD-PoD-2/P/CIR/2023/99, Dated June 23, 2023, has introduced a new process for trading in the secondary market called the UPI block facility. The key amendment includes:
‣ Features of the framework for UPI block facility;
‣ How Settlement Pay-in/Pay-Out would take place;
‣ Dealing in shortages/shortfalls;
‣ Applicability of the amendment.
This article analyses the key amendments issued by SEBI and examines their potential impact on the market.
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