**Summary:**
This document outlines the Securities and Exchange Board of India (SEBI) Depositories and Participants Amendment Regulations, 2020. These regulations, published in the Gazette of India on February 21, 2020, amend the SEBI Depositories and Participants Regulations, 2018. The amendment, enacted under Section 30 of the Securities and Exchange Board of India Act, 1992, and Section 25 of the Depositories Act, 1996, clarifies the definition of "pledge" in regulation 79 of the 2018 regulations. Specifically, it states that "pledge" includes the repledge of securities for margin and/or settlement obligations of the client or other purposes as specified by the Board. The amendment came into force on February 21, 2020, the date of its publication in the Official Gazette. The Chairman of SEBI at the time of this notification was Ajay Tyagi. The original Securities and Exchange Board of India Depositories and Participants Regulations, 2018, were published on October 3, 2018, and subsequently amended on June 4, 2019.
Key Entities Referenced
Securities and Exchange Board of India: Regulatory body in India for securities and commodity market.
Securities and Exchange Board of India Act, 1992: Indian legislation that established the Securities and Exchange Board of India.
Depositories Act, 1996: Indian legislation concerning depositories for securities.
Securities and Exchange Board of India Depositories and Participants Regulations, 2018: Regulations issued by the Securities and Exchange Board of India.
Securities and Exchange Board of India Depositories and Participants Amendment Regulations, 2020: Amendment regulations to the 2018 regulations.
Mumbai: City in Maharashtra, location of the Securities and Exchange Board of India notification.
Ajay Tyagi: Chairman of the Securities and Exchange Board of India.
New Delhi: Location of the Government of India Press.
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. NO. D. L.-33004/99
सी.जी.-एम.एच.-अ.-24022020-216336
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असाधारण
EXTRAORDINARY
भाग III—खण् ड 4
PART III—Section 4
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 79] िई कदल्ली, िुक्रिार, फरिरी 21, 2020/फाल ग् ुि 2, 1941
No. 79] NEW DELHI, FRIDAY, FEBRUARY 21, 2020/PHALGUNA 2, 1941
भारतीय प्रजतभजू त और जिजिमय बोडड
अजधसचू िा
मम्ु बई, 21 फरिरी, 2020
भारतीय प्रजतभजू त और जिजिमय बोडड
(जिक्षपे ागार और सहभागी) (सिं ोधि) जिजियम, 2020
—भारतीय प्रजतभूजत और जिजिमय बोडड,
जिक्षेपागार अजधजियम, 1996 की धारा 25 के साथ पठित भारतीय प्रजतभूजत और जिजिमय बोडड अजधजियम, 1992
की धारा 30 द्वारा प्रदत्त िजियों का प्रयोग करत े हुए एतद्द्वारा भारतीय प्रजतभूजत और जिजिमय बोडड (जिक्षेपागार
और सहभागी) जिजियम, 2018 का और संिोधि करिे के जलए जिम्नजलजखत जिजियम बिाता है, अथाडत:्-
1. इि जिजियमों को भारतीय प्रजतभूजत और जिजिमय बोड ड (जिक्षेपागार और सहभागी) (संिोधि)
जिजियम, 2020 कहा िा सकेगा ।
2. िे रािपत्र में उिके प्रकािि की तारीख को प्रिृत्त (लागू) होंग े।
3. भारतीय प्रजतभूजत और जिजिमय बोडड (जिक्षेपागार और सहभागी) जिजियम, 2018 में -
(1) जिजियम 79 म,ें उप-जिजियम (12) के पश्चात ् जिम्नजलजखत स्ट्पष्टीकरण अंतःस्ट्थाजपत ककया
िाएगा, -
1054 GI/2020 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC. 4]
“स्ट्पष्टीकरण: इि जिजियमों के प्रयोििाथड, “जगरिी” में िाजमल ह ै – ग्राहक की मार्िडि और / या जिपटाि
(सेटलमेंट) संबंधी बाध्यताओं हते ु या ऐसे अन्य प्रयोििों हते ु प्रजतभूजतयों (जसक्यूठरटीज़) को दोबारा जगरिी रखिा
(री-प्लेज़ करिा), िो बोडड द्वारा समय-समय पर जिधाडठरत ककए िाएँ ।”
अिय त्यागी] अध्यक्ष
[foKkiu&III@4@vlk-@466@19]
पाद ठटप्पण :
1. भारतीय प्रजतभूजत और जिजिमय बोड ड (जिक्षपे ागार और सहभागी) जिजियम, 2018, सं.
सेबी/एल.ए.डी.-एि.आर.ओ./िी.एि./2018/40, 3 अिूबर, 2018 को भारत के रािपत्र म ें प्रकाजित
हुए थ े।
2. भारतीय प्रजतभूजत और जिजिमय बोडड (जिक्षेपागार और सहभागी) जिजियम, 2018 तत्पश्चात ्–
(1) 4 िूि, 2019 को भारतीय प्रजतभूजत और जिजिमय बोडड (जिक्षेपागार और सहभागी) (सिं ोधि)
जिजियम, 2019, सं. सेबी/एल.ए.डी.-एि.आर.ओ./िी.एि./2019/20, द्वारा संिोजधत हुए थे ।
SECURITIES AND EXCHANGE BOARD OF INDIA
NOTIFICATION
Mumbai, the 21st February, 2020
SECURITIES AND EXCHANGE BOARD OF INDIA (DEPOSITORIES AND
PARTICIPANTS) (AMENDMENT) REGULATIONS, 2020
No. SEBI/LAD-NRO/GN/2020/04.—In exercise of the powers conferred by Section 30 of the
Securities and Exchange Board of India Act, 1992 read with Section 25 of the Depositories Act, 1996, the
Securities and Exchange Board of India hereby makes the following regulations to further amend the Securities
and Exchange Board of India (Depositories and Participants) Regulations, 2018 namely:—
1. These regulations may be called the Securities and Exchange Board of India (Depositories and
Participants) (Amendment) Regulations, 2020.
2. They shall come into force on the date of their publication in the Official Gazette.
3. In the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018-
(1) In regulation 79, the following explanation shall be inserted after sub-regulation (12),-
“Explanation:-For the purpose of these regulations, “pledge” includes re-pledge of securities for
margin and/ or settlement obligations of the client or such other purposes as specified by the
Board from time to time.”
AJAY TYAGI, Chairman
[ADVT.-III/4/Exty./466/19]
Footnote:
1. The Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018 were
published in the Gazette of India on October 3, 2018 vide No. No. SEBI/LAD-NRO/GN/2018/40.
2. The Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018 were
subsequently amended–
(1) on June 4, 2019 by The Securities and Exchange Board of India (Depositories and
Participants) (Amendment) Regulations, 2019 vide No. SEBI/LAD-NRO/GN/2019/20.
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and Published by the Controller of Publications, Delhi-110054.