Taxmann's Analysis | SEBI's Game-Changing Move – 'UPI Block Facility' to Transform Secondary Market Trading

· Taxmann Publications Private Limited
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À propos de cet e-book

The Securities and Exchange Board of India (SEBI) has introduced a new process for trading in the secondary market called the UPI block facility. This facility aims to enhance the protection of cash collateral by integrating the Reserve Bank of India (RBI) approved Unified Payments Interface (UPI) mandate service of single-block-and-multiple-debits with the secondary market trading and settlement process.


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.

Notes et avis

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Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of Editor-In-Chief Mr Rakesh Bhargava.

The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in our publications and research platform. The team ensures that the following publication guidelines are thoroughly followed while developing the content:

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