The Securities and Exchange Board of India (Sebi) has suggested the exclusion of zero-coupon zero principal (ZCZP) bonds for determining the eligibility of basic services demat accounts (BSDA) of small investors.
It also proposed to treat delisted securities on par with suspended securities for determining such eligibility, as these securities lack active trading. These measures will improve financial inclusion, the regulator said in a draft circular.
Provisions related to eligibility for opening of basic services demat account (BSDA), conversion of existing eligible demat accounts into BSDA, charge structure and valuation of securities for determining eligibility for BSDA are being re-examined. Said SEBI.
