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NISM Certifications · NISM-Series-VI: Depository Operations · Introduction to the Indian Capital Market

Meera asks which entity in the Indian capital market structure acts as the regulator that registers depositories and depository participants and frames the rules governing them. Which is correct?

SEBI is the regulator that registers and supervises depositories and depository participants, framing the regulations under the Depositories Act, 1996. RBI, IRDAI and the Registrar of Companies have different regulatory domains.

  1. ASEBICorrect
  2. BRBI
  3. CIRDAI
  4. DMinistry of Finance's Registrar of Companies

Explanation

SEBI regulates the securities market and registers depositories and DPs under the Depositories Act, 1996 and SEBI regulations. RBI regulates banks and money markets, and IRDAI regulates insurance. The Registrar of Companies handles company incorporation filings, not DP registration.

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