Home› India› Securities and Exchange Board of India› In exercise of the powers conferred by section 30 of the Sec...
Date: 10-May-2024 Category: Extra Ordinary State: Union Government Country: India

In exercise of the powers conferred by section 30 of the Securities and Exchange Board of India Act

Issued by Securities and Exchange Board of India · Not Applicable

Research with AI Agent Chat with Document Generate Summary Translate Helpful Share Add to Project Create Task

Executive Summary & Key Takeaways

What it means

  • The gazette notification introduces the Securities and Exchange Board of India (Depositories and Participants) (Amendment) Regulations, 2024. This amendment modifies the existing regulations concerning depositories and participants, specifically focusing on the payment of annual charges to SEBI.

Key Changes

  • Regulation 9 of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018 has been substituted.
  • The amended regulation 9 mandates that depositories must pay a percentage of the annual custody charges collected from issuers to SEBI within fifteen days from the end of each month.
  • The specific percentage and manner of payment are detailed in Part A and Part B of the Second Schedule of the regulations, respectively.
  • The amendment comes into effect on the date of its publication in the Official Gazette, which is May 10, 2024.

Impact Analysis

Depositories

  • Review existing agreements with issuers to ensure compliance with the updated regulations.

Issuers

  • Issuers should verify that depositories are correctly implementing the new regulations and that the costs are appropriately reflected.

SEBI

  • SEBI will need to update its systems to receive and process the payments from depositories.

Action Items for Depositories

  • Review and update agreements with issuers as necessary.

Key Entities Referenced

SEBI: Securities and Exchange Board of India, the regulatory body responsible for regulating the securities market in India. Depositories: Organizations that hold securities in electronic form, enabling efficient trading and settlement. Participants: Entities that are members of a depository and provide depository services to investors. Issuers: Companies that issue securities and pay custody charges to depositories. Depositories Act, 1996: The legislation that provides the legal framework for the establishment and regulation of depositories in India. Securities and Exchange Board of India Act, 1992: The legislation that established SEBI and defines its powers and functions. Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018: The principal regulations governing the operations of depositories and participants in India, which are being amended by this notification.
Official Source Record View Original Source →
See Full Document Text
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-एम.एच.-अ.-10052024-254152 xxxGIDHxxx CG-MH-E-10052024-254152 xxxGIDExxx असाधारण EXTRAORDINARY भाग III—खण् ड 4 PART III—Section 4 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 327] िई ददल्ली, ि क्रिार, मई 10, 2024/ििै ाख 20, 1946 No. 327] NEW DELHI, FRIDAY, MAY 10, 2024/VAISAKHA 20, 1946 भारतीय प्रजतभजू त और जिजिमय बोडड अजधसचू िा म ंबई, 10 मई, 2024 भारतीय प्रजतभजू त और जिजिमय बोडड (जिक्षपे ागार और सहभागी) (सिं ोधि) जिजियम, 2024 स.ं सबे ी/एलएडी-एिआरओ/िीएि/2024/173.—बोडड, जिक्षपे ागार अजधजियम, 1996 (1996 का 22) की धारा 25 के साथ पठित भारतीय प्रजतभूजत और जिजिमय बोड ड अजधजियम, 1992 (1992 का 15) की धारा 30 द्वारा प्रदाि की गई िजियों का प्रयोग करत े हुए, एतद्द्वारा भारतीय प्रजतभूजत और जिजिमय बोडड (जिक्षेपागार और सहभागी) जिजियम, 2018 का और सिं ोधि करिे के जलए जिम्नजलजखत जिजियम बिाता ह,ै अथाडत,् - 1. इि जिजियमों को भारतीय प्रजतभूजत और जिजिमय बोडड (जिक्षेपागार और सहभागी) (संिोधि) जिजियम, 2024 कहा िा सकेगा । 2. ये जिजियम रािपत्र म ेंइिके प्रकाजित होिे की तारीख से लाग ू होंगे । 2986 GI/2024 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4] 3. भारतीय प्रजतभूजत और जिजिमय बोडड (जिक्षेपागार और सहभागी) जिजियम, 2018 म,ें जिजियम 9 के स्ट्थाि पर जिम्नजलजखत जिजियम आ िाएगा, अथातड ्,- “िार्षकड िल् क का भग ताि 9. जिक्षेपागार (जडपॉजिटरी), हर महीिा समाप्त होिे की तारीख से पंद्रह ददिों के भीतर, उसके द्वारा उस महीिे के दौराि जिगडमकताडओं (इश्य अर) से जलए गए िार्षडक अजभरक्षा (कस्ट्टडी) िल् क (प्रभार) का जिधाडठरत प्रजतित (जिसका जिक्र दसू री अि सूची के भाग-क में दकया गया ह)ै , बोड ड को उसी प्रकार अदा करेगा िैसा उस अि सूची के भाग-ख म ें जिक्र दकया गया ह ै।” बबीता राय डू, कायडपालक जिदिे क [जिज्ञापि-III/4/असा./096/2024-25] पाद ठटप्पण : 1. भारतीय प्रजतभूजत और जिजिमय बोडड (जिक्षपे ागार और सहभागी) जिजियम, 2018, स.ं 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,्– क. 4 िूि 2019 को भारतीय प्रजतभूजत और जिजिमय बोडड (जिक्षपे ागार और सहभागी) (संिोधि) जिजियम, 2019, स.ं सेबी/एल.ए.डी.-एि.आर.ओ./िी.एि./2019/20, द्वारा ख. 21 फरिरी, 2020 को भारतीय प्रजतभूजत और जिजिमय बोड ड (जिक्षेपागार और सहभागी) (संिोधि) जिजियम, 2020, स.ं सेबी/एल.ए.डी.-एि.आर.ओ./िी.एि./2020/04, द्वारा ग. 17 अप्रलै , 2020 को भारतीय प्रजतभूजत और जिजिमय बोडड (रेग्यूलेटरी सैंडबॉक्स) (संिोधि) जिजियम, 2020, स.ं सेबी/एल.ए.डी.-एिआरओ/िीएि/2020/10, द्वारा घ. 5 मई, 2021 को भारतीय प्रजतभूजत और जिजिमय बोडड (फीस का भ गताि और भग ताि का माध्यम) (संिोधि) जिजियम, 2021, स.ं सेबी/एलएडी-एिआरओ/िीएि/2021/23, द्वारा ङ. 3 अगस्ट्त, 2021 को भारतीय प्रजतभूजत और जिजिमय बोडड (रेग्यूलेटरी सैंडबॉक्स) (संिोधि) जिजियम, 2021, स.ं सेबी/एलएडी-एिआरओ/िीएि/2021/30, द्वारा च. 13 अगस्ट्त, 2021 को भारतीय प्रजतभूजत और जिजिमय बोडड (जिक्षेपागार और सहभागी) (संिोधि) जिजियम, 2021, स.ं सेबी/एल.ए.डी.-एि.आर.ओ./िी.एि./2021/43, द्वारा छ. 26 अिूबर, 2021 को भारतीय प्रजतभूजत और जिजिमय बोडड (जिक्षपे ागार और सहभागी) (दसू रा संिोधि) जिजियम, 2021, स.ं सेबी/एल.ए.डी.-एि.आर.ओ./िी.एि./2021/53, द्वारा ि. 23 फरिरी, 2022 को भारतीय प्रजतभूजत और जिजिमय बोड ड (जिक्षेपागार और सहभागी) (संिोधि) जिजियम, 2022, स.ं सेबी/एलएडी-एिआरओ/िीएि/2022/74, द्वारा झ. 2 माचड, 2023 को भारतीय प्रजतभूजत और जिजिमय बोडड (जिक्षेपागार और सहभागी) (संिोधि) जिजियम, 2023, स.ं सेबी/एलएडी-एिआरओ/िीएि/2023/125, द्वारा ञ. 22 अगस्ट्त, 2023 को भारतीय प्रजतभूजत और जिजिमय बोडड (जिक्षपे ागार और सहभागी) (दसू रा संिोधि) जिजियम, 2023, स.ं सेबी/एलएडी-एिआरओ/िीएि/2023/147, द्वारा संिोजधत हुए थ े ।[भाग III—खण् ड 4] भारत का रािपत्र : असाधारण 3 SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 10th May, 2024 SECURITIES AND EXCHANGE BOARD OF INDIA (DEPOSITORIES AND PARTICIPANTS) (AMENDMENT) REGULATIONS, 2024 No. SEBI/LAD-NRO/GN/2024/173.—In exercise of the powers conferred by section 30 of the Securities and Exchange Board of India Act, 1992(15 of 1992) read with section 25 of the Depositories Act, 1996 (22 of 1996), the Board 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, 2024. 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, regulation 9 shall be substituted with the following regulation, namely, – “Payment of annual charge 9. A depository shall, within fifteen days from the end of each month, pay as provided in Part A of the Second Schedule, a percentage of the annual custody charges received by it from the issuers during the month, to the Board in the manner provided in Part B thereof.” BABITHA RAYUDU, Executive Director [ADVT.-III/4/Exty./096/2024-25] 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 on, – a. 4th June, 2019 by the Securities and Exchange Board of India (Depositories and Participants) (Amendment) Regulations, 2019 vide No. SEBI/LAD-NRO/GN/2019/20. b. 21st February, 2020 by the Securities and Exchange Board of India (Depositories and Participants) (Amendment) Regulations, 2020 vide No. SEBI/LAD-NRO/GN/2020/04. c. 17th April, 2020, by the Securities and Exchange Board of India (Regulatory Sandbox) (Amendment) Regulations, 2020, vide No. SEBI/LAD-NRO/GN/2020/10. d. 5th May, 2021, by the Securities and Exchange Board of India(Payment of Fees and Mode of Payment) (Amendment) Regulations2021, vide No. SEBI/LAD-NRO/GN/2021/23. e. 3rd August, 2021, by the Securities and Exchange Board of India(Regulatory Sandbox) (Amendment) Regulations, 2021, vide No. SEBI/LAD-NRO/GN/2021/30. f. 13th August, 2021 by the Securities and Exchange Board of India (Depositories and Participants) (Amendment) Regulations, 2021vide No. SEBI/LAD-NRO/GN/2021/43. g. 26th October 2021 by the Securities and Exchange Board of India (Depositories and Participants) (Second Amendment) Regulations, 2021 vide No. SEBI/LAD-NRO/GN/2021/53. h. 23rd February 2022 by the Securities and Exchange Board of India (Depositories and Participants) (Amendment) Regulations, 2022 vide No. SEBI/LAD-NRO/GN/2022/74. i. 2nd March 2023 by the Securities and Exchange Board of India (Depositories and Participants) (Amendment) Regulations, 2023 vide No. SEBI/LAD-NRO/GN/2023/125. j. 22nd August, 2023 by the Securities and Exchange Board of India (Depositories and Participants) (Second Amendment) Regulations, 2023 vide No. SEBI/LAD-NRO/GN/2023/147. 5Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

Continue your research

Related Documents from Securities and Exchange Board of India