SEBI has eliminated the requirement of issuing a Letter of Confirmation (LOC) and enabled direct credit of securities into investors’ demat accounts, for issue of duplicate certificates, transmission, transposition, unclaimed suspense accounts and corporate actions. Under the new framework, investors must already hold a demat account and submit a duly attested, recent Client Master List along with prescribed forms. Registrars, issuer companies and depositories are required to complete verification and credit securities directly into the demat account within 30 days.