SEBI Revamps Depository Regulations with Cooling-Off Periods for Directors and Stricter Governance Protocols

SEBI amended the Depositories and Participants Regulations, 2025, introducing significant governance modifications for depositories. The amendment establishes new provisions regarding non-independent director appointments and public interest director transfers, mandating a cooling-off period for inter-depository appointments. Specifically, non-independent directors can be appointed to recognized stock exchanges or clearing corporations only after a predetermined cooling-off period, with prior SEBI approval. Public interest directors are now subject to similar inter-organizational transfer restrictions, ensuring regulatory compliance and preventing potential conflicts of interest in financial institutional governance. .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X