Regulation 81 - Appointment of compliance officer - Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018

81. A depository and a participant shall appoint a compliance officer who shall be responsible for monitoring the compliance of the Act, rules and regulations, notifications, guidelines, instructions, etc., issued thereunder and for redressal of investors grievances. (2) The compliance officer shall immediately and independently report to the Board any non-compliance observed by him. 1 [ (3) The compliance officer shall submit a report of any non-compliance of the Act, the Depositories Act, 1996 , rules, regulations, circulars or directions issued thereunder and for the redressal of investors grievances, to the Board on a quarterly basis in the manner as may be specified by the Board. ] ************** NOTES:- 1. Inserted vide Notification No. SEBI/LAD-NRO/GN/2023/125 dated 28-02-2023 (shall come into force on the one hundred and eightieth day from the date of their publication in the Official Gazette)