Clarifications in SEBI (Depositories and Participants) Regulations, 2018

Jan 24, 2019 | by Avantis RegTech Legal Research Team

Stock Exchanges, Depositories, Public Financial Institutions and Public Sector Banks had asked for certain clarifications from the Securities and Exchange Board of India (SEBI) with regard to applicability of certain regulation of Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018.

With respect to clause (9) and (10) of Regulation 24 specifies the Composition of the governing Board, the SEBI passed a circular on January 23, 2019 clarifying that:

·         A recognized clearing corporation should not be considered as a Depository Participant, and

·         The directors and employees of the entity should not be considered as Depository Participant or their associate.

[Circular No.- SEBI/HO/MRD/DOP2-DSA2/CIR/P/2019/22]




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