Securities and Exchange Board of India (Depositories and Participants) (Amendment) Regulations, 2025

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....cipants) Regulations, 2018 namely, -- 1. These regulations may be called the Securities and Exchange Board of India (Depositories and Participants) (Amendment) Regulations, 2025. 2. They shall come into force on the first day of April, 2025: Provided that the amendment in regulation 3(IV) of these amendment regulations shall come into force on the date of their publication in the Official Gazette. 3. In the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018, -- I) in regulation 8, after the words and symbol "under regulation 7, shall pay" and before the words "annual fee", the words and symbols ", within fifteen days from the beginning of each financial year, the" shall be inserted. II) in regu....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ly responsible- a) for the privacy, security and integrity of investors' and stakeholders' data including data maintained by it in a fiduciary capacity throughout the processes involved; b) for the output arising from the usage of such tools and techniques it relies upon or deals with; and c) for the compliance with applicable laws in force. Explanation: For the purpose of this regulation, the expression "artificial intelligence and machine learning tools and techniques" may include any application or software program or executable system or a combination thereof, offered by the depository to investors/stakeholders or used internally by it to facilitate trading and settlement or to carry out its activities including for compliance r....