Strategic Business Unit permission allows depositories to undertake regulator-assigned non-incidental activities with Board approval. A depository may carry out activities not incidental to its depository functions if assigned by the Central Government or a financial-sector regulator, by establishing Strategic Business Unit(s) specific to each activity with prior Board approval and subject to Board-prescribed conditions, including possible transfer of the activity to a separate company within a specified time; a Strategic Business Unit is an organisational unit with its own mission, objectives and business strategy, and appropriate technological, financial and other segregations.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Strategic Business Unit permission allows depositories to undertake regulator-assigned non-incidental activities with Board approval.
A depository may carry out activities not incidental to its depository functions if assigned by the Central Government or a financial-sector regulator, by establishing Strategic Business Unit(s) specific to each activity with prior Board approval and subject to Board-prescribed conditions, including possible transfer of the activity to a separate company within a specified time; a Strategic Business Unit is an organisational unit with its own mission, objectives and business strategy, and appropriate technological, financial and other segregations.
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