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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>SEBI Streamlines Depository Participant Registration: Single Certificate for All Depositories, Monthly Reporting Required.</h1> The circular from SEBI dated December 30, 2014, addresses amendments to the SEBI (Depositories and Participants) Regulations, 1996. It eliminates the need for separate initial and permanent registration certificates for participants in each depository. Now, a single registration suffices for all depositories. New entities must apply for initial registration through a depository, while existing participants can apply directly to another depository for approval. Participants must meet criteria, rectify past deficiencies, and pay fees. Depositories are required to share participant information, amend regulations, and report to SEBI monthly. The circular aims to protect investors and regulate the securities market.
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