Securities and Exchange Board of India (Depositories and Participants) (Second Amendment) Regulations, 2008

No.LAD-NRO/GN/2008/18/134585. - In exercise of the powers conferred by
section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992),
the Board hereby makes the following Regulations to further amend the Securities
and Exchange Board of India (Depositories and Participants) Regulations, 1996,
namely:-

1. These Regulations may be called the Securities and Exchange Board of India
(Depositories and Participants) (Second Amendment) Regulations, 2008

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, 1996 -

(i) for regulation 32, the following shall be substituted, namely:-

“32. Mechanism for investor protection.- The depository shall satisfy the Board that it has a mechanism in place to ensure that the interests of the persons buying and selling securities held in the depository are adequately protected.”