The consultation paper proposes to extend the facility of standing instructions for Systematic Withdrawal Plans (SWP) and Systematic Transfer Plans (STP) to mutual fund units held in dematerialised form. Currently, such standing instructions are available only for units held in Statement of Account mode, while demat investors must issue transaction-specific instructions. SEBI has proposed a phased implementation. Phase I would enable unit-based SWP/STP registrations through Depositories and Stock Exchanges with minimal system changes, while Phase II would allow amount- based and advanced variants through RTAs. The comments/ feedback from stakeholders is invited.