SEBI (Depositories And Participants)(Amendment) Regulations, 2024

Last updated: 13 May 2024

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The Securities and Exchange Board of India (SEBI) has introduced the SEBI (Depositories and Participants) (Amendment) Regulations, 2024. These new regulations amend the existing 2018 rules. Specifically, they update regulation 9 concerning the payment of annual charges by depositories to SEBI.

SECURITIES AND EXCHANGE BOARD OF INDIA
NOTIFICATION
Mumbai, the 10th May, 2024
SECURITIES AND EXCHANGE BOARD OF INDIA (DEPOSITORIES AND PARTICIPANTS)
(AMENDMENT) REGULATIONS, 2024

No. SEBI/LAD-NRO/GN/2024/173.—In exercise of the powers conferred by section 30 of the Securities and Exchange Board of India Act, 1992(15 of 1992) read with section 25 of the Depositories Act, 1996 (22 of 1996), the Board 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, 2024.

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, regulation 9 shall be substituted with the following regulation, namely, –

“Payment of annual charge

9. A depository shall, within fifteen days from the end of each month, pay as provided in Part A of the Second Schedule, a percentage of the annual custody charges received by it from the issuers during the month, to the Board in the manner provided in Part B thereof.”

BABITHA RAYUDU, Executive Director
[ADVT.-III/4/Exty./096/2024-25]

FAQ :

The new regulations are called the Securities and Exchange Board of India (Depositories and Participants)(Amendment) Regulations, 2024.

These regulations come into effect on the date of their publication in the Official Gazette.

Regulation 9 of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018 has been substituted.

The amended regulation 9 outlines the requirement for a depository to pay a percentage of the annual custody charges received from issuers to the Board (SEBI) within fifteen days from the end of each month.

Notification No : No. SEBI/LAD-NRO/GN/2024/173
Source : https://egazette.gov.in/(S(43pbvwm15simcxwlqowfxmzu))/ViewPDF.aspx

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