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of <h1>SEBI Can Relax Compliance Rules Under Regulation 96A for Depositories in Specific Circumstances</h1> Regulation 96A of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018 allows the Board to relax strict compliance with regulations, either on its own initiative or upon a depository's application. This is permissible if non-compliance is due to uncontrollable factors or if the requirement is procedural or technical. The Board may impose conditions to protect investor interests. A depository applying for relaxation must pay a non-refundable fee of one lakh rupees via specified payment methods. This regulation was inserted by a notification effective 180 days after its publication in the Official Gazette.
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