Change in control clarified for depositories, distinguishing listed and unlisted entities and defining controlling interest and scope. Regulatory definitions prescribe governance and control concepts for depositories: Change in control distinguishes listed and unlisted bodies corporate and, for non-corporates, covers changes in legal formation, ownership or a specified controlling interest. The regulations define the governing board, public interest director, non-independent director, and a comprehensive category of key management personnel including senior executives, heads of core functions and decision-making authorities, and retain consistency with securities, depository and company laws while reflecting recent amendments.