TMI BlogSingle Registration for Depository ParticipantsX X X X Extracts X X X X X X X X Extracts X X X X ..... he SEBI (Depositories and Participants) Regulations, 1996 (hereinafter referred to as DP Regulations). 2. As per the amendment, the existing requirement of obtaining certificate of initial registration to act as a participant and subsequently permanent registration to continue to act as a participant for each depository has been done away with. Henceforth, one certificate of initial registratio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... approval in the manner as prescribed in the DP Regulations. The concerned depository, on receipt of the application, may grant approval to the entity after exercising due diligence and on being satisfied about the compliance of all relevant eligibility requirements including the following: i. The applicant, its directors, proprietor, partners and associates satisfy the Fit and Proper Criteria ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... itories in which it is acting as a participant as per the DP Regulations. d. The participants shall continue to pay the applicable annual fees and registration fees as specified in Part A of Second Schedule in the manner specified in Part B thereof w.r.t. their respective depository(ies), as the case may be. 4. The depositories shall coordinate and share information with each other, about th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ties and to promote the development of, and to regulate, the securities market. 7. This circular is available on SEBI website (www.sebi.gov.in) under the categories Legal Framework and Circulars . Yours faithfully, Asha Shetty Deputy General Manager 022-26449258 email: ashas@sebi.gov.in Encl: As above - Circular - Trade Notice - Public Notice - Instructi ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
