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

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....ies and Participants) Regulations, 2018 namely, - 1. These regulations may be called the Securities and Exchange Board of India (Depositories and Participants) (Third Amendment) Regulations, 2025. 2. They shall come into force on the thirtieth day from 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 24, (1) in sub-regulation (1), i. in clause (b), the word and symbol "and," shall be omitted; ii in clause (c), the symbol "." shall be substituted with the word and symbols "; and,"; iii after clause (c), the words and symbols "(d) executive directors:" shall be inserted. (2) in sub-regulation (7), after th....

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....r directions issued thereunder from time to time; c) ensure that the functions under Vertical 1 and Vertical 2 of the depository, as provided in Fourth Schedule of these regulations, are performed in the interest of the securities market and are guided by public interest, without having any revenue-oriented objectives. d) be responsible for the overall risk management of the depository; and e) ensure that the depository has adequate infrastructure and systems in place for its efficient functioning at all points of time." III after regulation 26 and before regulation 27, the following regulation shall be inserted namely, - "Appointment, role and responsibilities of executive director 26A. (1) Every depository shall appoint two exe....

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...., without having any revenue oriented objectives; c) the executive director of Vertical 1 shall be responsible to ensure that adequate infrastructure and systems are in place for efficient function of the depository; and d) the executive director of Vertical 2 shall be responsible for the overall risk management of the depository." IV after regulation 81A and before regulation 82, the following regulations shall be inserted, namely, - "Appointment, role and responsibilities of chief technology officer 81B. (1) Every depository shall appoint a chief technology officer to oversee and manage technology related system design, infrastructure, and operations. (2) The role and responsibilities of the chief technology officer shall inclu....

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....ecurities and Exchange Board of India (Depositories and Participants) (Amendment) Regulations, 2019 vide No. SEBI/LAD-NRO/GN/2019/20. b. 21st February, 2020 by the Securities and Exchange Board of India (Depositories and Participants) (Amendment) Regulations, 2020 vide No. SEBI/LAD-NRO/GN/2020/04. c. 17th April, 2020, by the Securities and Exchange Board of India (Regulatory Sandbox) (Amendment) Regulations, 2020, vide No. SEBI/LAD-NRO/GN/2020/10. d. 5th May, 2021, by the Securities and Exchange Board of India (Payment of Fees and Mode of Payment) (Amendment) Regulations 2021, vide No. SEBI/LAD-NRO/GN/2021/23. e. 3rd August, 2021, by the Securities and Exchange Board of India (Regulatory Sandbox) (Amendment)....