Supervision of branches of depository participants

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..... 013 The Managing Director & CEO Central Depository Services (India) Ltd. Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai 400 023 Dear Sir/s, Sub: Supervision of branches of depository participants 1. It has come to SEBI's notice that the Depository Participants (DPs) are operating through branch offices which are having Depository Participant Modules (DPMs) directly linked to the De .....

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..... apply to DPs in respect of all their branches also. DPs are therefore required in terms of these provisions to put in place appropriate mechanisms to ensure that their branches are carrying on the operations in compliance with the applicable regulations, bye-laws, etc. Further, DPs are also required to put in place suitable internal control systems to ensure that all branches are exercising due di .....

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..... provisions of this circular to the notice of the DPs of the Depositories and also to disseminate the same on the website; 2 Include the aforesaid clarifications, as applicable, in the advertisement campaigns released by them from time to time for better understanding of the investors; 3 Make amendments to the relevant bye-laws, rules and regulations for the implementation of the above decision i .....

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