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of <h1>New 2025 SEBI rules update depository governance, executive director roles, and CTO/CISO duties under Regulations 24,26,26A,81B,81C</h1> Notification issues the 2025 Third Amendment to the SEBI (Depositories and Participants) Regulations, 2018, effective 30 days after Gazette publication. It revises governance of depositories by expanding regulation 24 and 26 to expressly cover executive directors and define the managing director's roles, including full affairs management, regulatory compliance, risk management, infrastructure adequacy, and public-interest orientation of Verticals 1 and 2. New regulation 26A mandates appointment of at least two executive directors heading Verticals 1 and 2, aligns their status, tenure, and appointment process with the managing director, and restricts external directorships. New regulations 81B and 81C require each depository to appoint a chief technology officer and chief information security officer, with specified technology, IT risk, and cybersecurity responsibilities.
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