NISM Certifications · NISM-Series-VI: Depository Operations · Introduction to the Indian Capital Market
Ms. Kavita Rao wants to know which regulator frames the regulations under which depositories and depository participants operate in India. Which body is it?
SEBI is the regulator that frames the regulations governing depositories and depository participants in India, through the SEBI (Depositories and Participants) Regulations, 2018 made under the Depositories Act, 1996. RBI, MCA and IRDAI do not regulate depository operations.
- ASecurities and Exchange Board of IndiaCorrect
- BReserve Bank of India
- CMinistry of Corporate Affairs
- DInsurance Regulatory and Development Authority of India
Explanation
Depositories and DPs are regulated by SEBI under the SEBI (Depositories and Participants) Regulations, 2018, made under the Depositories Act, 1996. RBI regulates banks and money markets, not depositories as such. IRDAI regulates insurance.
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