The amendments alter the requirements for deposits maintained by research analysts. It replaces Regulation 8(2), mandating that the form and manner of the deposit be specified by the Board. A new sub-regulation (3) is also inserted, which requires that this deposit be marked with a lien in favour of a body or corporate entity recognized by SEBI for the administration and supervision of research analysts. The deposit can be utilized if a research analyst fails to pay dues arising from arbitration or conciliation proceedings under an Online Dispute Resolution Mechanism or other specified mechanisms.