On 31 October 2023, IND NSD issued circular on standard operating procedure (SOP) for implementation of IND SEBI circular dated 24 August IND NSD circular dated 30 August.

• Requested designated depository participants and custodians to comply with SOP.
• The SOP delineates applicability, exemption from additional disclosures, timelines and monitoring, general terms, SOP updates, provides a format for prescribing additional disclosures from FPIs in breach of the thresholds prescribed in the framework.
• Also lists of major countries' jurisdictions, their respective laws/regulations for pension funds, securities to be offered to the public, regulated pooled investment funds.
• Follows IND CDSL 31 October 2023 remind DPs to note new freeze reason code – 29 with description – breach of MPS/PN3–block for asddl disclo has been created in system.