SEBI amended the Depositories and Participants Regulations, ...

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

May 2, 2025

Notifications SEBI

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.

View Source

← Previous

SEBI amended the Depositories and Participants Regulations, ...

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

May 2, 2025

Notifications SEBI

You may also like:

This circular provides guidelines to stock exchanges, clearing corporations, and depositories to enhance accountability, supervision, monitoring mechanisms, and...

SEBI has revised the timeline for submission of annual audited accounts/net worth certificate by stock brokers/depository participants from September 30th to October...

Disqualification of a director of the financial creditor to sign the Section 7 application was challenged. The application u/s 7, signed by the director of the financial...

The Securities and Exchange Board of India (SEBI) issued a Master Circular consolidating all relevant circulars and communications pertaining to depositories up to...

Offence under SEBI - person responsible for the commission of the offence - A company may have numerous Directors, however, it is apposite to state that to make each of...

SEBI has issued a circular to provide flexibility to Foreign Portfolio Investors (FPIs) in dealing with their securities post-expiry of their registration. Amendments to...

SEBI issued a circular revising and revamping nomination facilities for demat accounts and mutual fund folios. Key points: Reiteration of Existing Norms: - Rule of...

The SEBI (Real Estate Investment Trusts) (Amendment) Regulations, 2025 introduces comprehensive amendments to the existing REIT regulations, focusing on enhancing...

Exit Policy of SEBI - letter issued by SEBI calling upon CSE [Calcutta Stock Exchange] to apply for voluntary exit - The High Court held that, Regulations such as those...

Appointment of Additional Director or independent Director - incorrect declaration in the aforesaid Form DIR-12 or not - The subsequent documents along with the...

SEBI revised timelines for Consolidated Account Statement (CAS) issuance by depositories. Effective May 14, 2025, AMCs/MF-RTAs must provide monthly common PAN data to...

This circular introduces a simplified registration process for certain categories of Foreign Portfolio Investors (FPIs). FPI applicants belonging to specified categories...

Framework for issue of Depository Receipts - Permissible Jurisdictions and International Exchange(s)

The circular dated July 01, 2024, mandates the dispatch of Consolidated Account Statements (CAS) for all securities assets electronically by default, with the option for...

SEBI issued a circular on BSDA to promote financial inclusion and ease of investing. Eligibility criteria include having one demat account, max securities value of Rs....

Quick Updates: