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<h1>Securities Board Can Request Clarifications and Personal Representation from Vault Manager Applicants Under Regulation 5, 2021 Regulations.</h1> Regulation 5 of the Securities and Exchange Board of India (Vault Managers) Regulations, 2021, mandates that the Board can request additional information or clarification from applicants concerning their activities as Vault Managers during the application process. Furthermore, the regulation stipulates that the applicant or their authorized representative must appear before the Board for personal representation if required, in relation to the issuance of a certificate.