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Corporate Laws Central Ministry of Finance Securities and Exchange Board of India Act, 1992

Securities and Exchange Board of India (Depositories and Participants) (Third Amendment) Regulations, 2025

21-Nov-2025 | No. SEBI/LAD-NRO/GN/2025/275

SEBI has issued Securities and Exchange Board of India (Depositories and Participants) (Third Amendment) Regulations, 2025 effective from 20th Dec, 2025.

Key highlights of these regulations:
- The amendment revises the roles, responsibilities, and appointments of key management personnel in depositories, including managing directors, executive directors, chief technology officers, and chief information security officers.
- Regulation 24 and 26 have been updated to clarify appointment processes, expand the scope of executive responsibilities, and allow certain non-executive roles with prior board approval.
- A new regulation 26A specifies the appointment and functions of executive directors heading Vertical 1 and Vertical 2, with provisions on tenure, age, and board participation.
- Regulations 81B and 81C introduce roles for technology and cybersecurity oversight, ensuring risk management, policy formulation, and system efficiency.
- The amendments aim to strengthen governance, operational management, risk control, and public-interest orientation in depositories under SEBI's regulatory framework.

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