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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>New Regulation 81B requires depositories to appoint CTOs to manage IT systems, risks, policies and audits</h1> Regulation 81B mandates that every depository appoint a chief technology officer responsible for overseeing and managing all technology-related system design, infrastructure, and operations. The chief technology officer must manage risks across all information technology functions, formulate the depository's information technology policy, and establish an information technology risk management framework. Additionally, the chief technology officer is responsible for resolving and mitigating issues identified in technology audits. This provision has been inserted into the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018 and comes into force 30 days after its publication in the Official Gazette.
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