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Part 1

DPAI (Depository Participants Association of India) is the only association of Depository Participants of NSDL (National Security Depository Limited) and CDSL (Central Depository Services Ltd), Custodian of Securities as registered under SEBI Regulations and Insurance Repository under Insurance Regulatory and Development Authority (IRDA), providing an efficient paperless, electronic holding, settlement and transfer of securities. Presently there is 796 Depository Participants/Custodian of Securities providing services from Over 44,386 locations across the country serving over 26.74 million investors with custodial Value of Rs. 2,85,27,908 Crores.

DPAI is an interface between Investors, DPs, Depositories, Exchanges and other stake holders; Indian State of Art Depository System upto individual client level provides a unique global feature. DPAI’s immediate priority is to spread investor education and equity cult amongst investors by ensuring a transparent, credible system at a competitive cost. It is participating regularly in various meetings called by SEBI, Ministry of Finance on various matters of importance for Capital Market.

DPAI is a member of SEBI Regional Market Participants Committee (RMPC), Secondary Market Committee, FICCI and Sector Specific Working Group (SWG) by Ministry of Finance working group of Automatic Exchange of Information of Ministry of Finance.

Part 2

Besides providing depository services for shares of listed and unlisted companies, mutual fund units, select debt funds, DPs are also providing demat services to insurance sector as repository. Recently DPs have also started providing ComTrack (as a replacement to Commodity depository services). With the new SEBI initiative Depository have already started sending consolidated statement of holdings showing demat securities as well as non- demat mutual fund holdings with Mutual funds AMC.

Recently, the role of DPAI in Simplification in Account Opening and KRA process has been recognized by SEBI which has mandated that Depositories shall jointly meet with the DPAI for discussions and feedback regarding the DP’s operations, issues affecting the market and the investors. SEBI has further included DPAI in the group to take care of KRA Issues.

DPAI’s immediate priority is to spread investor education and equity cult amongst investors by ensuring A transparent credible system at a competitive cost .

DPAI assures to continue to present its views on various issues and concerns of the Capital market to “Building Investors’ Confidence”, which is the motto of our Association.

Part 3

Immediate Focus of DPAI is complete the following:

1. To develop a suitable mechanism for recovery of Debit amount from the Beneficiary Owners
2. To prepare Depository Manual of Compliance .
3. To constitute a Committee for designated DP.
 
     
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