SCHEDULE - 05 - MEASUSRES TO ENSURE AUTONOMY OF REGULATORY DEPARTMENTS - Securities And Exchange Board of India (Depositories And Participants) Regulations, 1996

FIFTH SCHEDULE SECURITIES AND EXCHANGE BOARD OF INDIA (DEPOSITORIES AND PARTICIPANTS) REGULATIONS, 1996 [See regulation 9F] MEASUSRES TO ENSURE AUTONOMY OF REGULATORY DEPARTMENTS In order to ensure the segregation of regulatory departments, every depository shall adopt a Chinese Wall policy which separates the regulatory departments of the depository from the other departments. The employees in the regulatory departments shall not communicate any information concerning regulatory activity to any one in other departments. The employees in regulatory areas may be physically segregated from employees in other departments including with respect to access controls. In exceptional circumstances employees from other departments may be given confidential information on need to know basis, under intimation to the Compliance Officer. For the purposes of the above, regulatory areas shall mean those departments of a depository which are mandated by law or those entrusted with regulatory powers and duties, and may include departments performing the following functions: (i) risk management; (ii) surveillance; (iii) participant registration; (iv) Issuer/ securities admission; (v) compliance; (vi) inspection; (vii) enforcement; (viii) arbitration; (ix) investor protection; (x) investor services.