SEBI amended the Depositories and Participants Regulations ...

AI Implementation in Depositories: New Rules Mandate 15-Day Fee Payment and Data Protection Under Regulation 82AA

February 12, 2025

Notifications SEBI

SEBI amended the Depositories and Participants Regulations effective April 1, 2025, introducing key modifications to regulatory compliance. Depositories must now remit annual fees within 15 days of the financial year start, accompanied by chartered accountant-certified computation statements. A 15% per annum interest penalty applies for delayed or insufficient payments. Notably, regulation 82AA establishes depositories' sole responsibility for artificial intelligence implementation, mandating accountability for data privacy, security, and regulatory compliance regardless of whether AI tools are internally developed or externally sourced. The amendment emphasizes protection of investor data and stakeholder interests in automated systems while maintaining fiduciary obligations.

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SEBI amended the Depositories and Participants Regulations ...

AI Implementation in Depositories: New Rules Mandate 15-Day Fee Payment and Data Protection Under Regulation 82AA

February 12, 2025

Notifications SEBI

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