📈 CDS to Suspend Dormant Investor Accounts

The Central Depository System (CDS) has announced a phased framework to suspend non-operative investor accounts to enhance regulatory compliance and mitigate fraud risks. • Implementation Timeline: • 15+ years of inactivity: Effective 30 June 2026. • 10+ years of inactivity: Effective 30 September 2026. • 5+ years of inactivity: Effective 31 December 2026. • 3+ years of inactivity: Effective 31 January 2027. • Key Safeguards: • Suspended accounts retain ownership of securities; dividends and corporate entitlements remain unaffected. • Securities will not be forfeited or cancelled. • Trading and transactions will be restricted until successful reactivation. • Reactivation Process: • Individual investors can reactivate accounts digitally via the CSE Mobile App or CDS website. • Institutional investors must submit CDS Form 31 via their respective depository participants. • Updated KYC documentation is required to complete the process. This initiative aims to improve data quality across the capital markets while ensuring an orderly transition for stakeholders.