Corrigendum to Master Circular for Depositories

Pursuant to the SEBI Circular, SEBI notified certain amendments to be made by the Depositories to align the provisions of the SEBI (Depositories and Participants) Regulations, 2018 (“D&P Regulations, 2018”) with that of Master Circular for Depositories dated October 25, 2019.

The following amendments are provided for in the SEBI Circular:

  1. SEBI circular MRD/DoP/DEP/Cir-20/2009 dated 9 December 2009 on preservation of records is modified as
    “Depositories and Depository Participants are required to preserve the records and documents for a minimum period of 8 years in terms of regulations 38 and 49 of the SEBI (D&P)Regulations, 1996.”
  2. In Regulations 54 and 66 of the SEBI (D&P) Regulations, 2018 notified on 3 October 2018, Depositories and Depository Participants are required to preserve the records and documents for a minimum period of 8 years.
  3. Other provisions of the Master Circular for Depositories SEBI/HO/MRD/DP/CIR/P/118 dated 25 October 2019 remain unchanged.
  4. Para 2 of SEBI circular MRD/DoP/DEP/Cir-20/2009 dated December 9, 2009 is partially modified as,
    “Depositories and Depository Participants are required to preserve the records and documents for a minimum period of 8 years”.
  5. The other provisions of SEBI circular MRD/DoP/DEP/Cir-20/2009 dated 9 December 2009 remain unchanged

The circular can be accessed here.

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