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of <h1>Regulation 20AB allows registered participants to operate in multiple depositories with approval and compliance with fees and regulations.</h1> Regulation 20AB of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 1996, allows a registered participant to act as a participant in multiple depositories with approval from the additional depository. The participant must apply for approval and, upon compliance with regulations and eligibility requirements, the depository may grant approval subject to payment of specified registration fees. The depository must inform the Board of the approval, and the participant must pay annual fees for each depository. To maintain registration, fees must be paid every five years from the sixth year of approval.
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