Chapter VII - RIGHTS AND OBLIGATIONS OF DEPOSITORIES, PARTICIPANTS, ISSUERS, MANNER OF SURRENDER OF CERTIFICATE OF SECURITY AND CREATION OF PLEDGE OR HYPOTHECATION (From Regulation 40 to Regulation 82AA)
Regulation 48 - Internal monitoring, review and evaluation of systems and controls
Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018 Chapter VII RIGHTS AND OBLIGATIONS OF DEPOSITORIES, PARTICIPANTS, ISSUERS, MANNER OF SURRENDER OF CERTIFICATE OF SECURITY AND CREATION OF PLEDGE OR HYPOTHECATION
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Internal monitoring obligations require depositories to maintain adequate mechanisms for reviewing and evaluating control systems. Regulation 48 requires every depository to maintain adequate mechanisms for internal monitoring, review and evaluation of its systems, controls, procedures and safeguards, enabling ongoing assessment of the control environment and timely corrective measures.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Internal monitoring obligations require depositories to maintain adequate mechanisms for reviewing and evaluating control systems.
Regulation 48 requires every depository to maintain adequate mechanisms for internal monitoring, review and evaluation of its systems, controls, procedures and safeguards, enabling ongoing assessment of the control environment and timely corrective measures.
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