Circular no. SEBI/HO/OIAE/OIAE_IAD-3/P/ON/2025/0027; Dated: 28.02.2025
SEBI has modified guidelines and issued necessary clarifications on nomination facilities in the securities market to simplify the transmission and nomination process for demat accounts and MF folios. SEBI clarified that an investor with a single holding/account/folio can opt out of nomination, either online or offline. Also, surviving joint holders must have the option to update their residential addresses, mobile numbers, and bank account details either at the time of transmission or later.
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