The Securities and Exchange Board of India (SEBI) has issued an amendment to the Depositories (Procedure for Holding Inquiry and Imposing Penalties) Rules, 2005, with the last update recorded on December 31, 2021. This amendment revises the procedural framework governing how depositories conduct inquiries and impose penalties. While the specific details of the changes are not fully elaborated in the provided text, the amendment signifies an update to the existing regulatory mechanisms for depositories.

Compliance officers at depositories and related financial entities should review the updated rules to ensure adherence to the revised procedures for inquiries and penalty imposition. It is crucial to understand any new requirements or modifications to existing processes to maintain compliance and avoid potential penalties. The effective date of the amendment is December 31, 2021, and entities should ensure their internal policies and practices align with these updated rules.