Master Circular for Depositories: consolidates SEBI depository rules, KYC, BSDA, DIS, cybersecurity and AI/ML reporting obligations. Compilation of SEBI circulars to depositories up to March 31, 2019 creating a single Master Circular that preserves the primacy of underlying circulars. It prescribes KYC/PAN as primary identifier with Aadhaar e KYC options; simplifies account opening (SARAL AOF), sets rules for HUFs, minors and third party correspondence; standardizes DIS processing and transmission timelines; establishes BSDA terms and CAS generation; mandates NDU recording; and requires comprehensive cyber security, AI/ML reporting, capacity planning and committee governance for depositories and DPs.
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Master Circular for Depositories: consolidates SEBI depository rules, KYC, BSDA, DIS, cybersecurity and AI/ML reporting obligations.
Compilation of SEBI circulars to depositories up to March 31, 2019 creating a single Master Circular that preserves the primacy of underlying circulars. It prescribes KYC/PAN as primary identifier with Aadhaar e KYC options; simplifies account opening (SARAL AOF), sets rules for HUFs, minors and third party correspondence; standardizes DIS processing and transmission timelines; establishes BSDA terms and CAS generation; mandates NDU recording; and requires comprehensive cyber security, AI/ML reporting, capacity planning and committee governance for depositories and DPs.
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