The document outlines the roles and responsibilities of various ...

The depository's committees handle key functions: MC manages membership; NRC oversees governance; SCOT ensures IT security; ROC monitors compliance; RMC handles risk; IC reviews investments.

Circulars     SEBI

June 26, 2024

The document outlines the roles and responsibilities of various statutory committees within a depository. The Member Committee (MC) handles membership admissions, transfers, and regulatory actions, including disciplinary measures. The Nomination and Remuneration Committee (NRC) focuses on governance, selecting key personnel, ensuring skill diversity, and performance evaluations. The Standing Committee on Technology (SCOT) ensures IT infrastructure, business continuity, and cybersecurity. The Regulatory Oversight Committee (ROC) oversees compliance, code of conduct, surveillance, and grievance redressal. The Risk Management Committee (RMC) formulates and monitors the Risk Management Framework. The Investment Committee (IC) evaluates investment and capital expenditure proposals.

View Source