Question

Which of the following can be a depository participant (DP)?

Options

• Bank

• Broker

• Financial Services Company

• All of the above

Answer 1

All of the above

Explanation - 

A bank, broker, or financial services organisation can be a depository participant (DP). A Depository Participant (DP) is a depository's agent. Only DP interacts with investors. After registering with SEBI, any financial institution can become a DP. A depository must be registered with the corporation whose shares are to be traded electronically.