The Securities and Exchange Board of India (SEBI) on October 06, 2023, issued the Master Circular for Depositories
This Master circular shall come into force on October 06, 2023
The following has been stated namely: -
• It states that a Master Circular in the form of a compilation of all the relevant circulars has been issued in order to enable the users to have access to all the applicable circulars/directions pertaining to depositories in one place.
• This Master Circular covers the relevant circulars/communications pertaining to depositories issued by SEBI up to August 31, 2023.
• It states that the References to the Statutes/Regulations which now stand repealed have been suitably updated in the Master Circular.
• This Master Circular rescinds the circulars and communications listed in Schedule A
• It states that this Master Circular consists of four sections i.e. Beneficial Owner (BO) Accounts, Depository Participants (DP) Related, Issuer Related, and Depositories Related.
[Circular No. SEBI/HO/MRD/MRD-PoD-2/P/CIR/2023/166]
