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Core Purpose

SEBI (Depositories and Participants) (Amendment) Regulations, 2024 substituting Regulation 9 governing the payment of annual custody charges by depositories to the Board.

Detailed Summary

The Securities and Exchange Board of India, by notification No. SEBI/LAD-NRO/GN/2024/173 dated 10th May 2024, exercising powers under section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992) read with section 25 of the Depositories Act, 1996 (22 of 1996), makes the SEBI (Depositories and Participants) (Amendment) Regulations, 2024, further amending the SEBI (Depositories and Participants) Regulations, 2018; the amendment substitutes Regulation 9 ('Payment of annual charge') to require that a depository, within fifteen days from the end of each month, pay to the Board a percentage of the annual custody charges received by it from issuers during that month, as provided in Part A of the Second Schedule and in the manner provided in Part B thereof, with effect from the date of publication in the Official Gazette. The footnote records that the 2018 Regulations were published on 3rd October 2018 (No. SEBI/LAD-NRO/GN/2018/40) and have been amended on ten prior occasions between 2019 and 2023, each identified by date and notification number. The notification is issued under reference ADVT.-III/4/Exty./096/2024-25 and signed by Babitha Rayudu, Executive Director.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-MH-E-10052024-254152 EXTRAORDINARY PART III—Section 4 PUBLISHED BY AUTHORITY No. 327] NEW DELHI, FRIDAY, MAY 10, 2024/VAISAKHA 20, 1946 SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 10th May, 2024 SECURITIES AND EXCHANGE BOARD OF INDIA (DEPOSITORIES AND PARTICIPANTS) (AMENDMENT) REGULATIONS, 2024 No. SEBI/LAD-NRO/GN/2024/173.-In exercise of the powers conferred by section 30 of the Securities and Exchange Board of India Act, 1992(15 of 1992) read with section 25 of the Depositories Act, 1996 (22 of 1996), the Board hereby makes the following regulations to further amend the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018 namely, — 1. These regulations may be called the Securities and Exchange Board of India (Depositories and Participants) (Amendment) Regulations, 2024. 2. They shall come into force on the date of their publication in the Official Gazette. 3. In the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018, regulation 9 shall be substituted with the following regulation, namely, "Payment of annual charge 9. A depository shall, within fifteen days from the end of each month, pay as provided in Part A of the Second Schedule, a percentage of the annual custody charges received by it from the issuers during the month, to the Board in the manner provided in Part B thereof." BABITHA RAYUDU, Executive Director [ADVT.-III/4/Exty./096/2024-25] Footnote: 1. The Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018 were published in the Gazette of India on October 3, 2018 vide No. No. SEBI/LAD-NRO/GN/2018/40. 2. The Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018 were subsequently amended on, a. 4th June, 2019 by the Securities and Exchange Board of India (Depositories and Participants) (Amendment) Regulations, 2019 vide No. SEBI/LAD-NRO/GN/2019/20. b. 21st February, 2020 by the Securities and Exchange Board of India (Depositories and Participants) (Amendment) Regulations, 2020 vide No. SEBI/LAD-NRO/GN/2020/04. с. 17th April, 2020, by the Securities and Exchange Board of India (Regulatory Sandbox) (Amendment) Regulations, 2020, vide No. SEBI/LAD-NRO/GN/2020/10. d. 5th May, 2021, by the Securities and Exchange Board of India(Payment of Fees and Mode of Payment) (Amendment) Regulations2021, vide No. SEBI/LAD-NRO/GN/2021/23. e. 3rd August, 2021, by the Securities and Exchange Board of India(Regulatory Sandbox) (Amendment) Regulations, 2021, vide No. SEBI/LAD-NRO/GN/2021/30. f. 13th August, 2021 by the Securities and Exchange Board of India (Depositories and Participants) (Amendment) Regulations, 2021 vide No. SEBI/LAD-NRO/GN/2021/43. g. 26th October 2021 by the Securities and Exchange Board of India (Depositories and Participants) (Second Amendment) Regulations, 2021 vide No. SEBI/LAD-NRO/GN/2021/53. h. 23rd February 2022 by the Securities and Exchange Board of India (Depositories and Participants) (Amendment) Regulations, 2022 vide No. SEBI/LAD-NRO/GN/2022/74. i. 2nd March 2023 by the Securities and Exchange Board of India (Depositories and Participants) (Amendment) Regulations, 2023 vide No. SEBI/LAD-NRO/GN/2023/125. j. 22nd August, 2023 by the Securities and Exchange Board of India (Depositories and Participants) (Second Amendment) Regulations, 2023 vide No. SEBI/LAD-NRO/GN/2023/147. 5Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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