Regulatory Alerts2023-04-27
Master Circular for Custodians
The Securities and Exchange Board of India (SEBI) issued this Master Circular to consolidate various directions for registered custodians into a single regulatory framework. The document mandates online registration via the SEBI Intermediary Portal, specifies annual fee structures based on assets under custody, and outlines technical requirements for vault safety. It further imposes strict obligations on custodians regarding the daily, monthly, and quarterly submission of detailed transaction reports and adherence to uniform norms for clearing and settlement.
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