DSRC’s recommendation accepted

SEBI has accepted the recommendation of the depository systems review committee that depositories should put in place systems to send a consolidated accounts statement to investors. SEBI noted that the same has been implemented effective March 1. SEBI accepted the DSRC recommendation to implement a risk management policy at the depositories and depository participants. The committee also sought popularising e-KYC among DPs, besides directing depositories to develop a mechanism to maintain a complete reconciled record of total issued and listed capital, including both physical and dematerialised shares. Our Bureau