Supervision of branches of depository participants

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..... Compound, Senapati Bapat Marg, Lower Parel, Mumbai 400 013 The Managing Director CEO Central Depository Services (India) Ltd. Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai 400 023 Dear Sir/s, Sub: Supervision of branches of depository participants 1. It has come to SEBI s notice that the Depository Part .....

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..... tates that the DP shall ensure that it has satisfactory internal control procedure in place. It is clarified that these provisions apply to DPs in respect of all their branches also. DPs are therefore required in terms of these provisions to put in place appropriate mechanisms to ensure that their branches are carrying on the operations in compliance with the applicable regulations, bye-laws, etc. .....

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..... shall also put in place appropriate mechanisms for monitoring opening of branches by DPs. 5. The Depositories are advised to:- 1 Bring the provisions of this circular to the notice of the DPs of the Depositories and also to disseminate the same on the website; 2 Include the aforesaid clarifications, as applicable, in the advertisement campaigns released by them from time .....

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