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of <h1>SEBI Issues Master Circular for Depositories, Effective October 6, 2023, Consolidating Regulations and Protecting Investors' Interests.</h1> The Securities and Exchange Board of India (SEBI) has issued a Master Circular for Depositories, effective from October 6, 2023. This circular consolidates all relevant SEBI circulars and directions for depositories up to August 31, 2023, superseding previous circulars listed in Schedule-A. It ensures that actions and rights under rescinded circulars remain valid. The circular is divided into four sections: Beneficial Owner Accounts, Depository Participants, Issuer-related, and Depositories-related. It aims to protect investors' interests and regulate the securities market, with definitions aligned with existing securities regulations.
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