Question

Can a depository delegate its functions as a depository

Q: Answer-Can a depository delegate its functions as a depository to any other person?

Regulation 57 of SEBI Depositories and Participants Regulations 2018 Prohibition of assignment - No depository shall assign or delegate to any other person its functions as a depository, without the prior approval of the Board.

to any other person?

A No

B Yes

C Yes, with prior approval of Central Government

D Yes, with prior approval of the Board

E No, SEBI (Depositories and Participants) Regulations prohibit this

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Can a depository delegate its functions as a depository

Solution