Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018

Chapter: I
PRELIMINARY
Regulation 1	:	Short title and commencement
Regulation 2	:	Definitions
Chapter: II
REGISTRATION OF DEPOSITORY
Regulation 3	:	Application for grant of certificate of registration
Regulation 4	:	Application to conform to the requirements
Regulation 5	:	Furnishing of information, clarification and personal representation
Regulation 6	:	Consideration of application for grant of certificate of registration
Regulation 7	:	Grant of certificate of registration
Regulation 8	:	Payment of annual fee
Regulation 9	:	Payment of annual charge
Regulation 10	:	Procedure where certificate of registration is not granted
Chapter: III
CERTIFICATE OF COMMENCEMENT OF BUSINESS
Regulation 11	:	Application for grant of certificate of commencement of business
Regulation 12	:	Application to conform to the requirements
Regulation 13	:	Furnishing of information, clarification and personal representation
Regulation 14	:	Consideration of application for grant of certificate of commencement of business
Regulation 15	:	Networth certificate
Regulation 16	:	Grant of certificate of commencement of business
Regulation 17	:	Depository to abide by the Code of Conduct
Regulation 18	:	Procedure where certificate of commencement of business is not granted
Chapter: IV
OWNERSHIP OF DEPOSITORY
Regulation 19	:	Definitions
Regulation 20	:	General Conditions
Regulation 21	:	Shareholding in a Depository
Regulation 22	:	Eligibility for acquiring or holding shares in a depository
Regulation 22A	:	Monitoring of shareholding limits
Regulation 23	:	Requirement and criteria of fit and proper
Chapter: V
GOVERNANCE OF DEPOSITORY
Regulation 24	:	Composition of the governing board
Regulation 24A	:	Nominees of the Board on the governing board of a depository
Regulation 25	:	Conditions of appointment of directors
Regulation 26	:	Appointment of Managing Director
Regulation 27	:	Code of Conduct for the governing board, directors, committee members and key management personnel
Regulation 28	:	Compensation and tenure of key management personnel
Regulation 29	:	Segregation of functions
Regulation 30	:	Statutory committees
Regulation 30A	:	Grievance Redressal Panel
Regulation 31	:	Disclosure and corporate governance norms
Chapter: VI
REGISTRATION OF PARTICIPANT
Regulation 32	:	Application for grant of certificate of registration
Regulation 33	:	Application to conform to the requirements
Regulation 34	:	Furnishing information, clarification, and personal representation
Regulation 35	:	Consideration of application for grant of certificate of registration
Regulation 36	:	Grant of certificate of registration
Regulation 37	:	Participants to abide by code of conduct
Regulation 38	:	Acting as participant in more than one depository
Regulation 39	:	Procedure where certificate of registration is not granted
Chapter: VII
RIGHTS AND OBLIGATIONS OF DEPOSITORIES, PARTICIPANTS, ISSUERS, MANNER OF SURRENDER OF CERTIFICATE OF SECURITY AND CREATION OF PLEDGE OR HYPOTHECATION
Regulation 40	:	Rights and obligations of depositories, etc.
Regulation 41	:	Depository to declare specific securities eligible
Regulation 42	:	Security eligible for dematerialisation
Regulation 43	:	Agreement between depository and issuer
Regulation 44	:	Systems and procedures
Regulation 45	:	Connectivity
Regulation 46	:	Mechanism for investor protection
Regulation 47	:	Withdrawal by participant
Regulation 48	:	Internal monitoring, review and evaluation of systems and controls
Regulation 49	:	External monitoring, review and evaluation of systems and controls
Regulation 50	:	Business Continuity Plan
Regulation 51	:	Wind-down Plan.
Regulation 52	:	Insurance against risks
Regulation 53	:	Manner of keeping records
Regulation 54	:	Records to be maintained.
Regulation 55	:	Co-operation with other entities
Regulation 56	:	Consolidated account statement
Regulation 57	:	Prohibition of assignment
Regulation 58	:	Agreement by participant
Regulation 59	:	Separate accounts
Regulation 60	:	Statement of accounts
Regulation 61	:	Transfer or withdrawal by beneficial owner
Regulation 62	:	Connectivity
Regulation 63	:	Monitoring, reviewing and evaluating internal systems and controls
Regulation 64	:	Reconciliation
Regulation 65	:	Returns
Regulation 66	:	Record of services
Regulation 67	:	Manner of keeping records
Regulation 68	:	Records to be maintained depository-wise
Regulation 69	:	Prohibition of assignment
Regulation 70	:	Agreement by issuer
Regulation 71	:	Manner of handling share registry work
Regulation 72	:	Redressal of investor grievances
Regulation 73	:	Investor Protection Fund
Regulation 74	:	Manner of surrender of certificate of security
Regulation 75	:	Reconciliation
Regulation 76	:	Audit
Regulation 77	:	Connectivity
Regulation 78	:	Information
Regulation 79	:	Manner of creating pledge or hypothecation
Regulation 80	:	Investment advice
Regulation 81	:	Appointment of compliance officer
Regulation 81A	:	Appointment of the chief risk officer
Regulation 82	:	Equal, fair and transparent access
Regulation 82A	:	Information and Data Sharing Policy
Chapter: VIIA
RESTRICTION IN DEALING WITH OTHER ENTITIES
Regulation 82B	:	Restriction in having association with certain persons
Regulation 82C	:	Disciplinary Actions for Violation of regulation 82B
Chapter: VIII
LISTING OF SECURITIES
Regulation 83	:	Listing
Chapter: IX
INSPECTION
Regulation 83A	:	Power to call for information
Regulation 84	:	Board’s right to inspect
Regulation 85	:	Notice before inspection and investigation.
Regulation 86	:	Obligations on inspection by the Board
Regulation 87	:	Submission of report to the Board
Regulation 88	:	Action on inspection or investigation report
Regulation 89	:	Appointment of Auditor
Regulation 90	:	Board to recover the expenses
Regulation 91	:	Application of Chapter
Chapter: IX-A
ENFORCEMENT
Regulation 91A	:	Power to issue directions and levy penalty by the Board
Chapter: X
PROCEDURE FOR ACTION IN CASE OF DEFAULT
Regulation 92	:	Liability for action in case of default
Regulation 93	:	Liability for action in case of default by issuer or its agent
Chapter: X-A
POWER TO RELAX STRICT ENFORCEMENT OF THE REGULATIONS
Regulation 93A	:	Exemption from enforcement of the regulations in special cases
Chapter: XI
MISCELLANEOUS
Regulation 94	:	Power to call for information (Omitted)
Regulation 95	:	Directions by the Board (Omitted)
Regulation 96	:	Power to remove difficulties
Regulation 96A	:	Power to relax the strict enforcement of the regulations
Regulation 97	:	Power to specify procedures, etc. and issue clarifications
Regulation 98	:	Repeal and savings
SCHEDULE
Schedule - I	:	Application for grant of certificate of registration as depository
Schedule - II (Part A)	:	Application fees, registration fees, annual charge and annual fees
Schedule - II (Part B)	:	Manner of payment of application, registration, annual charge and annual fees
Schedule - II (Part C)	:	Procedure for appointment of directors
Schedule - II (Part D)	:	Norms for compensation policy
Schedule - II (Part E)	:	Monitoring of shareholding limits
Schedule - III	:	Code of conduct for participants
Schedule - IV	:	Measures to ensure autonomy of regulatory departments