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

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....Board of India (Depositories 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 directo....

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....ository; b) ensure that the depository complies with the provisions of all applicable acts, rules and regulations, circulars, guidelines or 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 ....

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....agement of whole of the affairs of their respective verticals; b) ensure that the functions under their respective verticals of the depository are operating in the interest of the securities market and are guided by public interest, 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 o....

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....ecurities and Exchange Board of India (Depositories and Participants) Regulations, 2018 were published in the Gazette of India on October 3, 2018 vide No. SEBI/LAD-NRO/GN/2018/402. 2. The Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018 were subsequently amended on, - a. 4th June, 2019 by the Securities 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....