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<h1>Omission of Regulation 65 from SEBI (Depositories and Participants) Regulations, 1996, effective since September 27, 2002.</h1> Regulation 65 of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 1996, which outlined the procedure for action in case of default, has been omitted. This omission was effected by the SEBI (Procedure for Holding Enquiry by Enquiry Officer and Imposing Penalty) Regulations, 2002, effective from September 27, 2002.