Regulatory Alerts2025-11-22
Securities and Exchange Board of India (Depositories and Participants) Regulations 2018
The Securities and Exchange Board of India issued these regulations to establish the legal framework for the registration, governance, and operational standards of depositories and their participants in India. The document mandates strict eligibility criteria, including a minimum net worth and fit-and-proper person tests, while requiring depositories to maintain robust IT security, data protection, and grievance redressal mechanisms. It further outlines ongoing compliance obligations such as the payment of annual fees and charges, adherence to a code of conduct, and the maintenance of adequate insurance to indemnify beneficial owners against losses.
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