Obligations and responsibilities of designated depository participants

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....responsibilities of designated depository participants. 31. (1) All designated depository participants who have been granted approval by the Board shall - (a) comply with the provisions of these regulations, as far as they may apply, circulars issued thereunder and any other terms and conditions specified by the Board from time to time; (b) ^1[as soon as possible but not later....

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....lders meet the requirements specified for foreign portfolio investors and shall perform KYC due diligence for each of the joint holders; (g) in case of any penalty, pending litigation or proceedings, findings of inspections or investigations for which action may have been taken or is in the process of being taken by any regulator against a designated depository participant, the designated....

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....ied thereunder, Financial Action Task Force standards and circulars issued by the Board in this regard, from time to time and shall also ensure that foreign portfolio investors comply with all these requirements on an ongoing basis; (c) carry out necessary due diligence to ensure that no other depository account per depository is held by any of the concerned applicant as a foreign portfol....

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....ortfolio investor in the capacity of a designated depository participant and its other activities. (4) The designated depository participant shall submit the reports as specified by the Board from time to time. (5) The designated depository participant shall carry out an annual review of its systems, procedures and controls by an independent professional. Explanation: The review shall cov....