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<h1>SEBI's New Amendment Limits Depository Links with Unregistered Securities Advisors; Chapter VIIA Introduced in 2024 Regulations.</h1> The Securities and Exchange Board of India (SEBI) has issued the Second Amendment to the Depositories and Participants Regulations, 2024. This amendment introduces Chapter VIIA, which imposes restrictions on depositories and their agents from associating with entities providing securities advice or making performance claims unless authorized by SEBI. Associations include transactions, referrals, and IT interactions, with exceptions for specified digital platforms. Violations may lead to actions under SEBI's Intermediaries Regulations. The amendment takes effect upon publication in the Official Gazette, further modifying the 2018 regulations and subsequent amendments.