CDSC issues warning

KATHMANDU: CDS and Clearing Ltd (CDSC) has requested investors of the secondary market to operate no more than two demat accounts and close other accounts if they are operating more than two accounts.

CDSC has requested to close such extra accounts within the next 35 days. CDSC has also warned that it will block all the demat accounts of investors who have more than two demat accounts.

“CDSC had provided the deadline of mid-September to close such additional demat accounts, however as some investors have not heeded to the earlier instruction, CDSC will block all demat accounts of investors found to be operating more than two demat accounts after 35 days,” CDSC clarified on Thursday.