Regulatory Alerts2024-05-10
Master Circular for Custodians
The Securities and Exchange Board of India (SEBI) issued this Master Circular to consolidate existing regulatory provisions for registered custodians into a single document. The circular mandates online registration via the SEBI Intermediary Portal, specifies annual fee structures based on assets under custody, and outlines technical requirements for vault security. It further details strict reporting obligations, including daily transaction reports for Foreign Portfolio Investors and quarterly submissions, while rescinding previous circulars with continuity clauses for pending actions.
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