SEBI (Depositories and Participants) (Amendment) Regulations, 2021

Last updated: 16 August 2021

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The Securities and Exchange Board of India (SEBI) has introduced the SEBI (Depositories and Participants) (Amendment) Regulations, 2021. These new regulations amend the existing 2018 rules concerning depositories and their participants. The amendments, which came into effect upon publication in the Official Gazette, involve specific changes to Regulation 22 of the principal regulations.

SECURITIES AND EXCHANGE BOARD OF INDIA

NOTIFICATION

Mumbai, the 13th August, 2021

SECURITIES AND EXCHANGE BOARD OF INDIA (DEPOSITORIES AND PARTICIPANTS) (AMENDMENT) REGULATIONS, 2021

No. SEBI/LAD-NRO/GN/2021/43. - In exercise of the powers conferred by Section 30 of the Securities and Exchange Board of India Act, 1992 read with Section 25 of the Depositories Act, 1996, the Securities and Exchange Board of India hereby makes the following regulations to further amend the Securities and Exchange 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) (Amendment) Regulations, 2021.

2. They 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 22, –

i. in the proviso to sub-regulation (1), the word - listed‖ shall be omitted.

ii. sub-regulation (2) shall be omitted.

iii. in sub-regulation (4), the words and symbol “sub-regulation (2) or” shall be omitted.

iv. sub-regulation (6) shall be omitted.

AJAY TYAGI, Chairman

[ADVT.-III/4/Exty./200/2021-22]

Footnote:

1. The Securities 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/2018/40.

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 (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.

FAQ :

These are new regulations issued by the Securities and Exchange Board of India that amend the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018.

The regulations came into force on the date of their publication in the Official Gazette.

Regulation 22 of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018 has been amended.

The word 'listed' has been omitted from the proviso to sub-regulation (1), sub-regulation (2) has been omitted, the words and symbol 'sub-regulation (2) or' have been omitted from sub-regulation (4), and sub-regulation (6) has been omitted.

The Securities and Exchange Board of India (SEBI) issued these amendment regulations.

Notification No : SEBI/LAD-NRO/GN/2021/43

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