Securities And Exchange Board of India (Depositories And Participants) Regulations, 1996 Chapter V RIGHTS AND OBLIGATIONS OF DEPOSITORIES, PARTICIPANTS, ISSUERS, MANNER OF SURRENDER OF CERTIFICATE OF SECURITY AND CREATION OF PLEDGE OR HYPOTHECATION
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Reconciliation requirement: participants must reconcile records with each depository daily to ensure accurate securities accounting. Regulation 47 of the SEBI (Depositories and Participants) Regulations, 1996 imposes a reconciliation obligation requiring every participant to reconcile ... Summary
Reconciliation requirement: participants must reconcile records with each depository daily to ensure accurate securities accounting.
Regulation 47 of the SEBI (Depositories and Participants) Regulations, 1996 imposes a reconciliation obligation requiring every participant to reconcile its records with every depository of which it is a participant; this duty mandates daily matching and verification of transactional and holding data to preserve accurate securities accounting and operational integrity.
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