Regulatory Alerts2025-09-23
Securities and Exchange Board of India (Custodian) (Amendment) Regulations, 2025
The Securities and Exchange Board of India (SEBI) issued the 2025 Amendment Regulations to modify the Custodian Regulations of 1996, primarily raising the minimum net worth requirement for custodians from fifty crore to seventy-five crore rupees. The amendments introduce new obligations regarding corporate governance, risk management, and orderly winding down, while also clarifying that custodians may provide financial services subject to specific conditions. Additionally, the regulations establish detailed behavioral standards for custodians, including prohibitions on unfair competition and exaggerated claims, and mandate strict compliance with reporting and client protection duties.
Share