Vault manager regulation takes legal effect upon Official Gazette publication under the Board's statutory rule-making authority. The Securities and Exchange Board of India (Vault Managers) Regulations, 2021 are made under the Board's rule-making powers under the Securities and ... Summary
Vault manager regulation takes legal effect upon Official Gazette publication under the Board's statutory rule-making authority.
The Securities and Exchange Board of India (Vault Managers) Regulations, 2021 are made under the Board's rule-making powers under the Securities and Exchange Board of India Act, 1992, read with enabling provisions of the Securities Contracts (Regulation) Act, 1956 and the Depositories Act, 1996. Regulation 1 prescribes the short title and provides that the regulations come into force upon publication in the Official Gazette.
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