Master Circular for depositories consolidates SEBI rules on KYC, demat accounts, DIS controls, encumbrances and cyber security. SEBI's Master Circular for Depositories compiles circulars up to October 31, 2020 into four parts (BO Accounts, DP related, Issuer related, Depositories related), standardizes KYC/PAN requirements and e KYC procedures, prescribes BSDA eligibility and charge caps, mandates DIS serialisation/scanning and timelines, limits permissible uses of Power of Attorney and requires SMS alerts for POA operated accounts, requires recording of NDUs and all encumbrances in depository systems, and imposes cyber security, audit, BCP/DR and disclosure obligations for DPs and depositories.
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Master Circular for depositories consolidates SEBI rules on KYC, demat accounts, DIS controls, encumbrances and cyber security.
SEBI's Master Circular for Depositories compiles circulars up to October 31, 2020 into four parts (BO Accounts, DP related, Issuer related, Depositories related), standardizes KYC/PAN requirements and e KYC procedures, prescribes BSDA eligibility and charge caps, mandates DIS serialisation/scanning and timelines, limits permissible uses of Power of Attorney and requires SMS alerts for POA operated accounts, requires recording of NDUs and all encumbrances in depository systems, and imposes cyber security, audit, BCP/DR and disclosure obligations for DPs and depositories.
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