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of <h1>Regulation 82B restricts depositories from associating with unregistered advisors on securities, with exceptions for specific digital platforms.</h1> Regulation 82B of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018, restricts depositories and their agents from associating with individuals who provide advice or make claims about securities unless registered or permitted by the Board. This restriction applies to direct or indirect associations involving transactions, referrals, or information technology interactions. Exceptions exist for associations through specified digital platforms with preventive mechanisms. Investor education entities are excluded from these restrictions, provided they do not engage in unauthorized advisory or claims activities.
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