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    <title>Acting as participant in more than one depository</title>
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    <description>A participant registered with one depository may act for another only after applying for and obtaining the other depository&#039;s approval upon satisfying regulatory eligibility; approval is conditional on timely payment of prescribed registration fees. The granting depository must inform the Board, and an approved participant must pay separate annual fees to each depository and quinquennial registration fees from the sixth year as specified in the Second Schedule.</description>
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      <description>A participant registered with one depository may act for another only after applying for and obtaining the other depository&#039;s approval upon satisfying regulatory eligibility; approval is conditional on timely payment of prescribed registration fees. The granting depository must inform the Board, and an approved participant must pay separate annual fees to each depository and quinquennial registration fees from the sixth year as specified in the Second Schedule.</description>
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