International Financial Services Centres Authority (Market Infrastructure Institutions) Regulations, 2021 Chapter V GENERAL OBLIGATIONS OF A RECOGNISED DEPOSITORY
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Depository record maintenance requires electronic preservation of ownership, transaction, pledge and dematerialisation data for prescribed retention periods. Recognised depositories must preserve records of dematerialisation and rematerialisation, securities transfers, beneficial owners and their daily ... Summary
Depository record maintenance requires electronic preservation of ownership, transaction, pledge and dematerialisation data for prescribed retention periods.
Recognised depositories must preserve records of dematerialisation and rematerialisation, securities transfers, beneficial owners and their daily holdings, participant details, pledge or hypothecation actions, dematerialisation eligibility, and relevant instructions. The maintenance location must be intimated to the Authority. Prescribed records and documents must be retained in electronic retrieval form for at least eight years.
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