No DP can assign or delegate its functions as a depository participant to any other person without prior approval of the depository in which it is a participant.
Insurance - DPs should take appropriate insurance cover to insure against losses arising from any possible business risk and system failure. The depository, however takes insurance for itself and on behalf of all DPs. The insurance covers business risk and system failure risk. DPs may additionally take for themselves insurance to cover risks like theft, fire, etc.
Record of Services - for 5 Years as per PMLA Act 2002 and for 8 years as per SEBI regulations
Each Participant should appoint a senior management executive to be designated as the Principal Officer. Suspicious Transaction Report (STR) should be submitted within 7 days of arriving at a conclusion that any transaction, are of suspicious nature to FIU-IND (Financial Intelligence Unit).
The Compliance Officer of the DP is required to submit a Compliance Certificate every 6 months as per the PMLA, 2002.
MODELEXAM® 
www.realsoftinfoplan.com