https://www.taxtmi.com/acts?id=33995 Regulation 12 requires an applicant for approval as a designated depository participant to be a Board-registered participant and custodian, be an Authorized Dealer Category-1 bank, have multinational presence, implement systems to meet FATF and anti money laundering requirements, and be fit and proper under intermediary criteria; the Board may add criteria. The Board may consider a regulated global bank with custodial experience for approval if registration and a tie up with an Authorized Dealer Category-1 bank are in place and market development is served. en-us Tue, 25 Dec 2018 16:09:04 +0530 Wed, 26 Dec 2018 16:18:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=33995 Regulation 12 requires an applicant for approval as a designated depository participant to be a Board-registered participant and custodian, be an Authorized Dealer Category-1 bank, have multinational presence, implement systems to meet FATF and anti money laundering requirements, and be fit and proper under intermediary criteria; the Board may add criteria. The Board may consider a regulated global bank with custodial experience for approval if registration and a tie up with an Authorized Dealer Category-1 bank are in place and market development is served. Act-Rules SEBI Tue, 25 Dec 2018 16:09:04 +0530 https://www.taxtmi.com/acts?id=33995