The Multi Commodity Exchange of India (MCX) on April 20, 2026, issued the notification regarding the Discontinuation of reporting of Demat Accounts.
The following has been stated namely: -
• As per the Securities and Exchange Board of India circular (March 23, 2026), stock brokers are no longer required to report demat accounts to stock exchanges from April 17, 2026.
• Stock exchanges will now directly obtain data on demat accounts (opened/closed) from depositories instead of relying on broker reporting.
• Members are advised to take note of the change and ensure compliance with the updated regulatory framework.
[Notification No. MCX/COMP/214/2026]
