{"id":259438,"date":"2022-01-03T10:30:33","date_gmt":"2022-01-03T05:00:33","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=259438"},"modified":"2022-01-03T10:25:33","modified_gmt":"2022-01-03T04:55:33","slug":"securities-and-exchange-board-of-india-vault-managers-regulations-2021","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2022\/01\/03\/securities-and-exchange-board-of-india-vault-managers-regulations-2021\/","title":{"rendered":"Securities and Exchange Board of India (Vault Managers) Regulations, 2021"},"content":{"rendered":"<p style=\"text-align: justify;\"><span id=\"page29R_mcid120\" class=\"markedContent\"><span dir=\"ltr\" role=\"presentation\">On December 31, 2021, the Securities and Exchange Board of India notifies Securities and Exchange Board of India (Vault Managers) Regulations, 2021<\/span><\/span>.<\/p>\n<p style=\"text-align: justify;\">\n<h4 style=\"text-align: justify;\"><span style=\"color: #0000ff;\">Key features of the Regulation:<\/span><\/h4>\n<ul style=\"text-align: justify;\">\n<li style=\"text-align: justify;\"><strong><span id=\"page33R_mcid2\" class=\"markedContent\"><span dir=\"ltr\" role=\"presentation\">Application for registration: <\/span><\/span><\/strong><span id=\"page33R_mcid3\" class=\"markedContent\"><span dir=\"ltr\" role=\"presentation\">Any person intending to carry on the business as a Vault Manager<\/span><span dir=\"ltr\" role=\"presentation\"> shall make an application to the Board for grant of a certificate of registration.<\/span><\/span><span id=\"page33R_mcid4\" class=\"markedContent\"> <span dir=\"ltr\" role=\"presentation\">An application for grant of a certificate\u00a0 shall be made in Form A of the <\/span><span dir=\"ltr\" role=\"presentation\">First Schedule and shall be accompanied by a non-refundable application fee in the manner as specified in <\/span><span dir=\"ltr\" role=\"presentation\">the Second Schedule.<\/span><\/span><\/li>\n<\/ul>\n<p style=\"padding-left: 40px; text-align: justify;\"><span id=\"page31R_mcid16\" class=\"markedContent\"><span dir=\"ltr\" role=\"presentation\">Note: <strong>Vault Manager<\/strong> means any person who<\/span> <span dir=\"ltr\" role=\"presentation\">carries on or intends to carry on the business of <\/span><span dir=\"ltr\" role=\"presentation\">providing vaulting services.<\/span><\/span><span id=\"page31R_mcid17\" class=\"markedContent\"><br role=\"presentation\" \/><\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li><strong><span id=\"page33R_mcid5\" class=\"markedContent\"><span dir=\"ltr\" role=\"presentation\">Eligibility criteria: <\/span><\/span><\/strong><span id=\"page33R_mcid5\" class=\"markedContent\"><span dir=\"ltr\" role=\"presentation\">T<\/span><\/span><span id=\"page33R_mcid6\" class=\"markedContent\"><span dir=\"ltr\" role=\"presentation\">he applicant shall fulfil the following criteria, <\/span><span dir=\"ltr\" role=\"presentation\">namely:<\/span><\/span><span id=\"page33R_mcid7\" class=\"markedContent\"><br role=\"presentation\" \/><\/span><\/li>\n<\/ul>\n<ol style=\"text-align: justify;\">\n<li style=\"list-style-type: none;\">\n<ol>\n<li><span id=\"page33R_mcid7\" class=\"markedContent\"><span dir=\"ltr\" role=\"presentation\">The applicant shall be a body corporate incorporated in India.<\/span><\/span><span id=\"page33R_mcid8\" class=\"markedContent\"><\/span><\/li>\n<li><span id=\"page33R_mcid8\" class=\"markedContent\"><span dir=\"ltr\" role=\"presentation\">The applicant shall have the minimum net worth of fifty crores rupees.<\/span><\/span><span id=\"page33R_mcid9\" class=\"markedContent\"><\/span><span id=\"page33R_mcid10\" class=\"markedContent\"><\/span><\/li>\n<li><span id=\"page33R_mcid10\" class=\"markedContent\"><span dir=\"ltr\" role=\"presentation\">The applicant shall furnish refundable Financial Security Deposit as may be specified by the <\/span><span dir=\"ltr\" role=\"presentation\">Board.<\/span><\/span><span id=\"page33R_mcid11\" class=\"markedContent\"><\/span><\/li>\n<li><span id=\"page33R_mcid11\" class=\"markedContent\"><span dir=\"ltr\" role=\"presentation\">The applicant shall have the infrastructure as specified by the Board for safe deposit, storage <\/span><span dir=\"ltr\" role=\"presentation\">and withdrawal of gold.<\/span><\/span><span id=\"page33R_mcid12\" class=\"markedContent\"><\/span><\/li>\n<li><span id=\"page33R_mcid12\" class=\"markedContent\"><span dir=\"ltr\" role=\"presentation\">The applicant shall have adequate insurance to cover losses as may be specified by the Board.<\/span><\/span><span id=\"page33R_mcid13\" class=\"markedContent\"><\/span><\/li>\n<li><span id=\"page33R_mcid13\" class=\"markedContent\"><span dir=\"ltr\" role=\"presentation\">The applicant<\/span> <span dir=\"ltr\" role=\"presentation\">shall<\/span> <span dir=\"ltr\" role=\"presentation\">have a Standard Operating Procedure (SOP)<\/span> <span dir=\"ltr\" role=\"presentation\">in respect<\/span> <span dir=\"ltr\" role=\"presentation\">of<\/span> <span dir=\"ltr\" role=\"presentation\">all<\/span> <span dir=\"ltr\" role=\"presentation\">the <\/span><span dir=\"ltr\" role=\"presentation\">recognized vaults which shall specify the following:<\/span><\/span><span id=\"page33R_mcid14\" class=\"markedContent\"><br role=\"presentation\" \/><span dir=\"ltr\" role=\"presentation\">i.<\/span> <span dir=\"ltr\" role=\"presentation\">Procedures for deposit and withdrawal of gold;<\/span><\/span><span id=\"page33R_mcid15\" class=\"markedContent\"><br role=\"presentation\" \/><span dir=\"ltr\" role=\"presentation\">ii.<\/span> <span dir=\"ltr\" role=\"presentation\">Procedures for facilitating assaying of gold, wherever required;<\/span><\/span><span id=\"page33R_mcid16\" class=\"markedContent\"><br role=\"presentation\" \/><span dir=\"ltr\" role=\"presentation\">iii.<\/span> <span dir=\"ltr\" role=\"presentation\">Maintenance of details of persons appointed by the Vault Manager for creating the Electronic <\/span><span dir=\"ltr\" role=\"presentation\">Gold Receipt;<\/span><\/span><span id=\"page33R_mcid17\" class=\"markedContent\"><br role=\"presentation\" \/><span dir=\"ltr\" role=\"presentation\">iv.<\/span> <span dir=\"ltr\" role=\"presentation\">Know Your Depositor requirements;<\/span><\/span><span id=\"page33R_mcid18\" class=\"markedContent\"><br role=\"presentation\" \/><span dir=\"ltr\" role=\"presentation\">v.<\/span> <span dir=\"ltr\" role=\"presentation\">Security policy for ensuring the safety of gold including from theft or burglary;<\/span><\/span><span id=\"page33R_mcid19\" class=\"markedContent\"><br role=\"presentation\" \/><span dir=\"ltr\" role=\"presentation\">vi.<\/span> <span dir=\"ltr\" role=\"presentation\">Procedure for dealing with losses including those caused due to theft, fire, burglary, fraud, <\/span><span dir=\"ltr\" role=\"presentation\">negligence as well as other force majeure events;<\/span><\/span><span id=\"page33R_mcid20\" class=\"markedContent\"><br role=\"presentation\" \/><span dir=\"ltr\" role=\"presentation\">vii.<\/span> <span dir=\"ltr\" role=\"presentation\">Procedure for creation of Electronic Gold Receipt;<\/span><\/span><span id=\"page33R_mcid21\" class=\"markedContent\"><br role=\"presentation\" \/><span dir=\"ltr\" role=\"presentation\">viii.<\/span> <span dir=\"ltr\" role=\"presentation\">Procedure for maintenance of record;<\/span><\/span><span id=\"page33R_mcid22\" class=\"markedContent\"><br role=\"presentation\" \/><span dir=\"ltr\" role=\"presentation\">ix.<\/span> <span dir=\"ltr\" role=\"presentation\">Procedure for periodic reconciliation of physical gold with the records maintained by it and <\/span><span dir=\"ltr\" role=\"presentation\">with the records of the Depository;<\/span><\/span><span id=\"page33R_mcid23\" class=\"markedContent\"><br role=\"presentation\" \/><span dir=\"ltr\" role=\"presentation\">x.<\/span> <span dir=\"ltr\" role=\"presentation\">Grievance redressal procedures;<\/span><\/span><span id=\"page33R_mcid24\" class=\"markedContent\"><br role=\"presentation\" \/><span dir=\"ltr\" role=\"presentation\">xi.<\/span> <span dir=\"ltr\" role=\"presentation\">Maintenance<\/span> <span dir=\"ltr\" role=\"presentation\">of<\/span> <span dir=\"ltr\" role=\"presentation\">adequate<\/span> <span dir=\"ltr\" role=\"presentation\">infrastructure,<\/span> <span dir=\"ltr\" role=\"presentation\">office<\/span> <span dir=\"ltr\" role=\"presentation\">space,<\/span> <span dir=\"ltr\" role=\"presentation\">technology<\/span> <span dir=\"ltr\" role=\"presentation\">and<\/span> <span dir=\"ltr\" role=\"presentation\">computer<\/span> <span dir=\"ltr\" role=\"presentation\">systems <\/span><span dir=\"ltr\" role=\"presentation\">capability; and<\/span><\/span><span id=\"page33R_mcid25\" class=\"markedContent\"><br role=\"presentation\" \/><span dir=\"ltr\" role=\"presentation\">xii.<\/span> <span dir=\"ltr\" role=\"presentation\">Any other criteria as may be specified by the Board.<\/span><\/span><\/li>\n<\/ol>\n<\/li>\n<\/ol>\n<p style=\"text-align: justify;\">\n<ul style=\"text-align: justify;\">\n<li><strong><span id=\"page38R_mcid13\" class=\"markedContent\"><span dir=\"ltr\" role=\"presentation\">General obligations: <\/span><\/span><\/strong><span id=\"page38R_mcid13\" class=\"markedContent\"><span dir=\"ltr\" role=\"presentation\">Key obligations are: <\/span><\/span><span id=\"page38R_mcid14\" class=\"markedContent\"><br role=\"presentation\" \/><\/span><span id=\"page38R_mcid14\" class=\"markedContent\"><\/span><\/li>\n<\/ul>\n<ol style=\"text-align: justify;\">\n<li style=\"list-style-type: none;\">\n<ol>\n<li><span id=\"page38R_mcid14\" class=\"markedContent\"><span dir=\"ltr\" role=\"presentation\">Responsible for taking the deposit of the gold in the manner <\/span><span dir=\"ltr\" role=\"presentation\">specified in Chapter IV of these regulations.<\/span><\/span><\/li>\n<li><span id=\"page38R_mcid15\" class=\"markedContent\">G<\/span><span id=\"page38R_mcid15\" class=\"markedContent\"><span dir=\"ltr\" role=\"presentation\">old deposited with the Vault Manager shall be in form and manner as specified by the stock <\/span><span dir=\"ltr\" role=\"presentation\">exchange.<\/span><\/span><\/li>\n<li><span id=\"page38R_mcid16\" class=\"markedContent\">S<\/span><span id=\"page38R_mcid16\" class=\"markedContent\"><span dir=\"ltr\" role=\"presentation\">tore the gold only in recognized vaults.<\/span><\/span><\/li>\n<li><span id=\"page38R_mcid17\" class=\"markedContent\">E<\/span><span id=\"page38R_mcid17\" class=\"markedContent\"><span dir=\"ltr\" role=\"presentation\">nsure the quality specifications of the gold at the time of deposit as per <\/span><span dir=\"ltr\" role=\"presentation\">the gold standard.<\/span><\/span><\/li>\n<li><span id=\"page38R_mcid18\" class=\"markedContent\">C<\/span><span id=\"page38R_mcid18\" class=\"markedContent\"><span dir=\"ltr\" role=\"presentation\">reate Electronic Gold Receipt in accordance with regulation 18.<\/span><\/span><\/li>\n<li><span id=\"page38R_mcid19\" class=\"markedContent\">Avoid <\/span><span id=\"page38R_mcid19\" class=\"markedContent\"><span dir=\"ltr\" role=\"presentation\">creating an Electronic Gold Receipt without underlying physical gold.<\/span><\/span><\/li>\n<li><span id=\"page38R_mcid20\" class=\"markedContent\">M<\/span><span id=\"page38R_mcid20\" class=\"markedContent\"><span dir=\"ltr\" role=\"presentation\">aintain records of all transactions or operations pertaining to the <\/span><span dir=\"ltr\" role=\"presentation\">recognized vault(s).<\/span><\/span><\/li>\n<li><span id=\"page38R_mcid21\" class=\"markedContent\">H<\/span><span id=\"page38R_mcid21\" class=\"markedContent\"><span dir=\"ltr\" role=\"presentation\">ave appropriate safekeeping measures, as may be specified by the Board, <\/span><span dir=\"ltr\" role=\"presentation\">to ensure that deposits, records and documents are protected at all times.<\/span><\/span><\/li>\n<li><span id=\"page38R_mcid22\" class=\"markedContent\">H<\/span><span id=\"page38R_mcid22\" class=\"markedContent\"><span dir=\"ltr\" role=\"presentation\">ave Data Recovery System in place to prevent loss or damage of <\/span><span dir=\"ltr\" role=\"presentation\">electronic records.<\/span><\/span><\/li>\n<li><span id=\"page38R_mcid23\" class=\"markedContent\">T<\/span><span id=\"page38R_mcid23\" class=\"markedContent\"><span dir=\"ltr\" role=\"presentation\">ake necessary steps to maintain the quality and quantity of gold stored in <\/span><span dir=\"ltr\" role=\"presentation\">the recognised vault(s).<\/span><\/span><\/li>\n<li><span id=\"page38R_mcid24\" class=\"markedContent\">H<\/span><span id=\"page38R_mcid24\" class=\"markedContent\"><span dir=\"ltr\" role=\"presentation\">ave adequate internal controls to prevent any manipulative activity.<\/span><\/span><\/li>\n<li><span id=\"page38R_mcid25\" class=\"markedContent\"><span dir=\"ltr\" role=\"presentation\">Devise procedures for periodic reconciliation of physical gold with the <\/span><span dir=\"ltr\" role=\"presentation\">corresponding record of Electronic Gold Receipts maintained by it and the depositories.<\/span><\/span><\/li>\n<li><span id=\"page40R_mcid0\" class=\"markedContent\"><\/span><span id=\"page40R_mcid0\" class=\"markedContent\"><span dir=\"ltr\" role=\"presentation\">In case of any discrepancy between electronic records of the depository and physical gold with the <\/span><\/span><span id=\"page40R_mcid0\" class=\"markedContent\"><span dir=\"ltr\" role=\"presentation\">Vault Manager, the Vault Manager shall ensure to resolve the same expeditiously, failing which the <\/span><\/span><span id=\"page40R_mcid0\" class=\"markedContent\"><span dir=\"ltr\" role=\"presentation\">Vault Manager shall be liable for such discrepancy.<\/span><\/span><span id=\"page40R_mcid1\" class=\"markedContent\"><\/span><\/li>\n<li><span id=\"page40R_mcid1\" class=\"markedContent\"><span dir=\"ltr\" role=\"presentation\">Deliver the gold, to the beneficial owner of Electronic Gold Receipt, after <\/span><\/span><span id=\"page40R_mcid1\" class=\"markedContent\"><span dir=\"ltr\" role=\"presentation\">receiving specific instructions from the Depository.<\/span><\/span><span id=\"page40R_mcid2\" class=\"markedContent\"><\/span><\/li>\n<li><span id=\"page40R_mcid2\" class=\"markedContent\"><span dir=\"ltr\" role=\"presentation\">Ensure that while withdrawing gold, the Beneficial Owner acknowledges <\/span><\/span><span id=\"page40R_mcid2\" class=\"markedContent\"><span dir=\"ltr\" role=\"presentation\">the receipt of the gold in the form and manner as specified by the Vault Manager.<\/span><\/span><span id=\"page40R_mcid3\" class=\"markedContent\"><\/span><\/li>\n<li><span id=\"page40R_mcid3\" class=\"markedContent\"><span dir=\"ltr\" role=\"presentation\">Shall not differentiate between any of the depositors for providing vaulting <\/span><\/span><span id=\"page40R_mcid3\" class=\"markedContent\"><span dir=\"ltr\" role=\"presentation\">services.<\/span><\/span><span id=\"page40R_mcid4\" class=\"markedContent\"><\/span><\/li>\n<li><span id=\"page40R_mcid4\" class=\"markedContent\"><span dir=\"ltr\" role=\"presentation\">Shall not create Electronic Gold Receipt in its own name with respect to the <\/span><\/span><span id=\"page40R_mcid4\" class=\"markedContent\"><span dir=\"ltr\" role=\"presentation\">gold stored in its recognized vaults.<\/span><\/span><span id=\"page40R_mcid5\" class=\"markedContent\"><\/span><\/li>\n<li><span id=\"page40R_mcid5\" class=\"markedContent\"><span dir=\"ltr\" role=\"presentation\">Shall not sell, remove, dispose or create any interest, including by way of <\/span><\/span><span id=\"page40R_mcid5\" class=\"markedContent\"><span dir=\"ltr\" role=\"presentation\">pledge or hypothecation, in the gold deposited in the vault(s) for the creation of Electronic Gold <\/span><\/span><span id=\"page40R_mcid5\" class=\"markedContent\"><span dir=\"ltr\" role=\"presentation\">Receipt, except in such manner as may be specified by the Board.<\/span><\/span><span id=\"page40R_mcid6\" class=\"markedContent\"><\/span><\/li>\n<li><span id=\"page40R_mcid6\" class=\"markedContent\"><span dir=\"ltr\" role=\"presentation\">Have adequate mechanisms for the purposes of reviewing, monitoring and <\/span><\/span><span id=\"page40R_mcid6\" class=\"markedContent\"><span dir=\"ltr\" role=\"presentation\">evaluating the vault\u2019s systems, procedur<\/span><span dir=\"ltr\" role=\"presentation\">es and safeguards.<\/span><\/span><span id=\"page40R_mcid7\" class=\"markedContent\"><\/span><\/li>\n<li><span id=\"page40R_mcid7\" class=\"markedContent\"><span dir=\"ltr\" role=\"presentation\">Ensure delivery of gold to the beneficial owner as per the gold standard.<\/span><\/span><\/li>\n<li><span id=\"page40R_mcid8\" class=\"markedContent\">D<\/span><span id=\"page40R_mcid8\" class=\"markedContent\"><\/span><span id=\"page40R_mcid8\" class=\"markedContent\"><span dir=\"ltr\" role=\"presentation\">isclose all charges related to its services on its website.<\/span><\/span><\/li>\n<li><span id=\"page40R_mcid9\" class=\"markedContent\">S<\/span><span id=\"page40R_mcid9\" class=\"markedContent\"><\/span><span id=\"page40R_mcid9\" class=\"markedContent\"><span dir=\"ltr\" role=\"presentation\">ubmit periodic reports to the Board in such form and manner, including <\/span><\/span><span id=\"page40R_mcid9\" class=\"markedContent\"><span dir=\"ltr\" role=\"presentation\">in electronic form, as may be specified by the Board in this behalf.<\/span><\/span><\/li>\n<\/ol>\n<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"<p>On December 31, 2021, the Securities and Exchange Board of India notifies Securities and Exchange Board of India (Vault Managers) Regulations, 2021. <\/p>\n","protected":false},"author":8808,"featured_media":252507,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4,15],"tags":[],"class_list":["post-259438","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legislationupdates","category-rules_regulations"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.4 (Yoast SEO v26.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Securities and Exchange Board of India (Vault Managers) Regulations, 2021 | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.scconline.com\/blog\/post\/2022\/01\/03\/securities-and-exchange-board-of-india-vault-managers-regulations-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Securities and Exchange Board of India (Vault Managers) Regulations, 2021\" \/>\n<meta property=\"og:description\" content=\"On December 31, 2021, the Securities and Exchange Board of India notifies Securities and Exchange Board of India (Vault Managers) Regulations, 2021.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.scconline.com\/blog\/post\/2022\/01\/03\/securities-and-exchange-board-of-india-vault-managers-regulations-2021\/\" \/>\n<meta property=\"og:site_name\" content=\"SCC Times\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/scc.online\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-01-03T05:00:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/MicrosoftTeams-image-135.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1331\" \/>\n\t<meta property=\"og:image:height\" content=\"888\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Bhumika Indulia\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Bhumika Indulia\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2022\/01\/03\/securities-and-exchange-board-of-india-vault-managers-regulations-2021\/\",\"url\":\"https:\/\/www.scconline.com\/blog\/post\/2022\/01\/03\/securities-and-exchange-board-of-india-vault-managers-regulations-2021\/\",\"name\":\"Securities and Exchange Board of India (Vault Managers) Regulations, 2021 | SCC Times\",\"isPartOf\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2022\/01\/03\/securities-and-exchange-board-of-india-vault-managers-regulations-2021\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2022\/01\/03\/securities-and-exchange-board-of-india-vault-managers-regulations-2021\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/MicrosoftTeams-image-135.jpg\",\"datePublished\":\"2022-01-03T05:00:33+00:00\",\"author\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/919ec47cc1b871b362af05740398033a\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2022\/01\/03\/securities-and-exchange-board-of-india-vault-managers-regulations-2021\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.scconline.com\/blog\/post\/2022\/01\/03\/securities-and-exchange-board-of-india-vault-managers-regulations-2021\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2022\/01\/03\/securities-and-exchange-board-of-india-vault-managers-regulations-2021\/#primaryimage\",\"url\":\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/MicrosoftTeams-image-135.jpg\",\"contentUrl\":\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/MicrosoftTeams-image-135.jpg\",\"width\":1331,\"height\":888},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2022\/01\/03\/securities-and-exchange-board-of-india-vault-managers-regulations-2021\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.scconline.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Securities and Exchange Board of India (Vault Managers) Regulations, 2021\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.scconline.com\/blog\/#website\",\"url\":\"https:\/\/www.scconline.com\/blog\/\",\"name\":\"SCC Times\",\"description\":\"Bringing you the Best Analytical Legal News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.scconline.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/919ec47cc1b871b362af05740398033a\",\"name\":\"Bhumika Indulia\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/04\/Me-150x150.jpg\",\"contentUrl\":\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/04\/Me-150x150.jpg\",\"caption\":\"Bhumika Indulia\"},\"url\":\"https:\/\/www.scconline.com\/blog\/post\/author\/editor_1\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Securities and Exchange Board of India (Vault Managers) Regulations, 2021 | SCC Times","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.scconline.com\/blog\/post\/2022\/01\/03\/securities-and-exchange-board-of-india-vault-managers-regulations-2021\/","og_locale":"en_US","og_type":"article","og_title":"Securities and Exchange Board of India (Vault Managers) Regulations, 2021","og_description":"On December 31, 2021, the Securities and Exchange Board of India notifies Securities and Exchange Board of India (Vault Managers) Regulations, 2021.","og_url":"https:\/\/www.scconline.com\/blog\/post\/2022\/01\/03\/securities-and-exchange-board-of-india-vault-managers-regulations-2021\/","og_site_name":"SCC Times","article_publisher":"https:\/\/www.facebook.com\/scc.online\/","article_published_time":"2022-01-03T05:00:33+00:00","og_image":[{"width":1331,"height":888,"url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/MicrosoftTeams-image-135.jpg","type":"image\/jpeg"}],"author":"Bhumika Indulia","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Bhumika Indulia","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.scconline.com\/blog\/post\/2022\/01\/03\/securities-and-exchange-board-of-india-vault-managers-regulations-2021\/","url":"https:\/\/www.scconline.com\/blog\/post\/2022\/01\/03\/securities-and-exchange-board-of-india-vault-managers-regulations-2021\/","name":"Securities and Exchange Board of India (Vault Managers) Regulations, 2021 | SCC Times","isPartOf":{"@id":"https:\/\/www.scconline.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2022\/01\/03\/securities-and-exchange-board-of-india-vault-managers-regulations-2021\/#primaryimage"},"image":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2022\/01\/03\/securities-and-exchange-board-of-india-vault-managers-regulations-2021\/#primaryimage"},"thumbnailUrl":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/MicrosoftTeams-image-135.jpg","datePublished":"2022-01-03T05:00:33+00:00","author":{"@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/919ec47cc1b871b362af05740398033a"},"breadcrumb":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2022\/01\/03\/securities-and-exchange-board-of-india-vault-managers-regulations-2021\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.scconline.com\/blog\/post\/2022\/01\/03\/securities-and-exchange-board-of-india-vault-managers-regulations-2021\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.scconline.com\/blog\/post\/2022\/01\/03\/securities-and-exchange-board-of-india-vault-managers-regulations-2021\/#primaryimage","url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/MicrosoftTeams-image-135.jpg","contentUrl":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/MicrosoftTeams-image-135.jpg","width":1331,"height":888},{"@type":"BreadcrumbList","@id":"https:\/\/www.scconline.com\/blog\/post\/2022\/01\/03\/securities-and-exchange-board-of-india-vault-managers-regulations-2021\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.scconline.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Securities and Exchange Board of India (Vault Managers) Regulations, 2021"}]},{"@type":"WebSite","@id":"https:\/\/www.scconline.com\/blog\/#website","url":"https:\/\/www.scconline.com\/blog\/","name":"SCC Times","description":"Bringing you the Best Analytical Legal News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.scconline.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/919ec47cc1b871b362af05740398033a","name":"Bhumika Indulia","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/04\/Me-150x150.jpg","contentUrl":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/04\/Me-150x150.jpg","caption":"Bhumika Indulia"},"url":"https:\/\/www.scconline.com\/blog\/post\/author\/editor_1\/"}]}},"jetpack_featured_media_url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/MicrosoftTeams-image-135.jpg","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":257023,"url":"https:\/\/www.scconline.com\/blog\/post\/2021\/11\/12\/sebi-notifies-portfolio-managers-fourth-amendment-regulations-2021\/","url_meta":{"origin":259438,"position":0},"title":"SEBI notifies Portfolio Managers (Fourth Amendment) Regulations, 2021","author":"Prachi Bhardwaj","date":"November 12, 2021","format":false,"excerpt":"The Securities and Exchange Board of India has notified the SEBI (Portfolio Managers) (Fourth Amendment) Regulations, 2021 to further amend the SEBI (Portfolio Managers) Regulations, 2020. Under Regulation 2, the amendment has defined the term \u201cAlternative Investment Fund\u201d, \u201cCo-investment Portfolio Manager\u201d, \u201cinvestee company \u201cand \u201cSponsor\u201d. Under Regulation 7, dealing with\u2026","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/MicrosoftTeams-image-135.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/MicrosoftTeams-image-135.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/MicrosoftTeams-image-135.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/MicrosoftTeams-image-135.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/MicrosoftTeams-image-135.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":341650,"url":"https:\/\/www.scconline.com\/blog\/post\/2025\/02\/17\/sebi-investor-charter-amendment-regulations-legal-news\/","url_meta":{"origin":259438,"position":1},"title":"SEBI revises various Regulations introducing compliance with Investor Charter","author":"Kriti","date":"February 17, 2025","format":false,"excerpt":"This amendment revises 17 SEBI Regulations.","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"Securities and Exchange Board of India","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/03\/Securities-and-Exchange-Board-of-India.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/03\/Securities-and-Exchange-Board-of-India.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/03\/Securities-and-Exchange-Board-of-India.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/03\/Securities-and-Exchange-Board-of-India.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":247726,"url":"https:\/\/www.scconline.com\/blog\/post\/2021\/04\/28\/securities-and-exchange-board-of-india-portfolio-managers-second-amendment-regulations-2021\/","url_meta":{"origin":259438,"position":2},"title":"Securities and Exchange Board of India (Portfolio Managers) (Second Amendment) Regulations, 2021","author":"Bhumika Indulia","date":"April 28, 2021","format":false,"excerpt":"The Securities and Exchange Board of India hereby makes Securities and Exchange Board of India (Portfolio Managers) (Second Amendment) Regulations, 2021 to further amend the Securities and Exchange Board of India (Portfolio Managers) Regulations, 2020, namely:\u2013 In the Securities and Exchange Board of India (Portfolio Managers) Regulations, 2020- In Regulation\u2026","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"SEBI","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/06\/sebi.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/06\/sebi.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/06\/sebi.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/06\/sebi.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":260165,"url":"https:\/\/www.scconline.com\/blog\/post\/2022\/01\/15\/sebi-to-generate-registration-number-instead-of-nsdl-sebi-foreign-portfolio-investors-amendment-regulations-2022-notified\/","url_meta":{"origin":259438,"position":3},"title":"SEBI to generate registration number instead of NSDL: SEBI (Foreign Portfolio Investors) (Amendment) Regulations, 2022 notified","author":"Bhumika Indulia","date":"January 15, 2022","format":false,"excerpt":"On January 14, 2022, the Securities and Exchange Board of India notifies Securities and Exchange Board of India (Foreign Portfolio Investors) (Amendment) Regulations, 2022 to further amend the Securities and Exchange Board of India (Foreign Portfolio Investors) Regulations, 2019. Key amendment: In the Securities and Exchange Board of India (Foreign\u2026","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/MicrosoftTeams-image-135.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/MicrosoftTeams-image-135.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/MicrosoftTeams-image-135.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/MicrosoftTeams-image-135.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/MicrosoftTeams-image-135.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":296227,"url":"https:\/\/www.scconline.com\/blog\/post\/2023\/07\/07\/sebi-notifies-adr-amendment-regulations-2023-legal-news\/","url_meta":{"origin":259438,"position":4},"title":"SEBI introduces new Alternative Dispute Resolution Mechanism vide ADR Amendment Regulations 2023","author":"Editor","date":"July 7, 2023","format":false,"excerpt":"On 3-7-2023, the Securities and Exchange Board of India (\u2018SEBI\u2019) notified the Securities and Exchange Board of India (Alternative Dispute Resolution Mechanism) (Amendment) Regulations, 2023","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"SEBI","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/06\/sebi.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/06\/sebi.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/06\/sebi.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/06\/sebi.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":214583,"url":"https:\/\/www.scconline.com\/blog\/post\/2019\/05\/13\/amendment-to-regulations-securities-and-exchange-board-of-india-portfolio-managers-amendment-regulations-2019\/","url_meta":{"origin":259438,"position":5},"title":"Amendment to Regulations &#8212; Securities and Exchange Board of India (Portfolio Managers) (Amendment) Regulations, 2019","author":"Bhumika Indulia","date":"May 13, 2019","format":false,"excerpt":"No. SEBI\/LAD-NRO\/GN\/2019\/17\u2014In exercise of the powers conferred by Section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board hereby makes the following regulations to further amend the Securities and Exchange Board of India (Portfolio Managers) Regulations, 1993, namely \u2013 1. These Regulations may\u2026","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"SEBI","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/06\/sebi.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/06\/sebi.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/06\/sebi.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/06\/sebi.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/259438","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/users\/8808"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=259438"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/259438\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media\/252507"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=259438"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=259438"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=259438"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}