The Securities and Exchange Board of India (SEBI) on January 05, 2023, issued a notification regarding Monitoring and Periodical reporting of compliance with the requirements pertaining to the ‘Security and Covenant Monitoring’ system hosted by Depositories.
Depositories shall ensure periodic monitoring regarding compliance with the requirements under “Operational guidelines for ‘Security and Covenant Monitoring’ using Distributed Ledger Technology (DLT)” from time to time. Any instances of non-compliance, shall be brought to the notice of SEBI on a quarterly basis, not later than one month from the end of the quarter.
