SEBI (Depositories and Participants) (Amendment) Regulations, 2020

Feb 25, 2020 | by Avantis RegTech Legal Research Team


Industry Specific Compliance

The Securities and Exchange Board of India (SEBI) on February 21, 2020, issues the Securities and Exchange Board of India (Depositories and Participants) (Amendment) Regulations, 2020 to further amend the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018.

The amendments made in Regulation 79 of the SEBI (Depositories and Participants) Regulations, 2018 related to “Manner of creating pledge or hypothecation”, an explanation related to ‘pledge’ has been inserted. For the purpose of these Regulations, pledge includes re-pledge of securities for margin and/ or settlement obligations of the client or such other purposes as specified by the Board from time to time.

This Notification shall come into effect from February 24, 2020.

[SEBI Notification No. SEBI/LAD-NRO/GN/2020/04]


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