TMI BlogOutsourcing by DepositoriesX X X X Extracts X X X X X X X X Extracts X X X X ..... ivities by Intermediaries. These guidelines list out certain principles for outsourcing to be followed by all the intermediaries registered with SEBI. 2. The Depository System Review Committee (DSRC) examined the outsourcing practice followed by the Depositories on various parameters. Based on recommendations by DSRC, the depositories are advised to ensure the following: i. Depositories shal ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f. Execution of transfer of securities and other transactions like pledge, freeze, etc. g. Provision of internet based facilities for access to demat accounts and submitting delivery instructions. h. Ensuring continuous connectivity to DPs, RTAs, Clearing Corporations and other Depository. i. Monitoring and redressal of investor grievances. j. Inspection of DPs and RTAs. k. Surveil ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... outsourcing any activity and appropriate risk mitigation measures like back up/ restoration system are in place. vii. An effective monitoring of the entities selected for outsourcing shall be done to ensure that there is check on the activities of outsourced entity. Depositories shall strive to automate their processes and workflows to the extent possible which shall enable real time monitoring ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sued in exercise of powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992 read with Section 19 of the Depositories Act, 1996 in the interests of investors in securities and to promote the development of, and to regulate the securities market. Yours faithfully Susanta Kumar Das Deputy General Manager Email: susantad@sebi.gov.in - Circ ..... X X X X Extracts X X X X X X X X Extracts X X X X
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