SEBI (Depositories and Participants) (Amendment) Regulations, 2020

THE GAZETTE OF INDIA
EXTRAORDINARY
PART – III – SECTION 4
PUBLISHED BY AUTHORITY
SECURITIES AND EXCHANGE BOARD OF INDIA
NOTIFICATION
Mumbai, the 21 st February, 2020
SECURITIES AND EXCHANGE BOARD OF INDIA (DEPOSITORIES AND PARTICIPANTS) (AMENDMENT) REGULATIONS, 2020 No. SEBI/LAD-NRO/GN/2020/04 ─ In exercise of the powers conferred by Section 30 of the Securities and Exchange Board of India Act, 1992 read with Section 25 of the Depositories Act, 1996, the Securities and Exchange Board of India hereby makes the following regulations to further amend the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018 namely:—

1. These regulations may be called the Securities and Exchange Board of India (Depositories
   and Participants) (Amendment) Regulations, 2020.
2. They shall come into force on the date of their publication in the Official Gazette.
3. In the Securities and Exchange Board of India (Depositories and Participants) Regulations,
   2018-
   (1) In regulation 79, the following explanation shall be inserted after sub-regulation (12), - “Explanation:- For the purpose of these regulations, “pledge” includes re-pledge of securities for margin and / or settlement obligations of the client or such other purposes as specified by the Board from time to time”. Sd/- AJAY TYAGI CHAIRMAN SECURITIES AND EXCHANGE BOARD OF INDIA

Footnote:

1. The Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018
   were published in the Gazette of India on October 3, 2018 vide No. No. SEBI/LAD￾NRO/GN/2018/40.
2. The Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018
   were subsequently amended–
   (1) on June 4, 2019 by The Securities and Exchange Board of India (Depositories and Participants) (Amendment) Regulations, 2019 vide No. SEBI/LAD-NRO/GN/2019/20.