During a Surveillance meeting at SEBI, it has been decided to implement uniform / standardized reason codes for off-market transfers by both depositories, to provide an audit trail of reasons associated with such transfers as a risk mitigation measure.
DPs are advised to inform & educate their BOs regarding the availability of new reason codes (while executing DIS) and dis-continuation of some codes. DPs should ensure the correctness of entry while capturing the reason mentioned by the BO on DIS. DPs are also requested to inform their CMs and easiest BOs about the changes. The updated list of reason codes (as mentioned above) will be available in CDSL system with effect from August 03, 2019 and September 14, 2019 respectively.