The Securities and Exchange Board of India (SEBI), on December 04, 2024, notified the Master Circular for Depositories.
The following has been stated-
An updated Master Circular for Depositories, consolidating all relevant circulars and directions issued until September 30, 2024. Effective from its date of issuance, the circular replaces earlier directives, as listed in Schedule-A, while retaining their validity for actions or applications initiated prior to rescission.
The circular, divided into four sections—Beneficial Owner (BO) Accounts, Depository Participants (DP) Related, Issuer Related, and Depositories Related—provides cross-references for comprehensive compliance. Unspecified terms will follow definitions in applicable securities laws and regulations.
Issued under Section 11(1) of the SEBI Act, 1992, this Master Circular aims to protect investor interests and streamline securities market operations.
[Notification No. SEBI/HO/MRD/MRD-PoD-1/P/CIR/2024/168]
