Securities and Exchange Board of India (Custodian) (Amendment) Regulations, 2026

5022 GI/2026 (1)
REGD. No. D. L.-33004/99 xxxGIDHxxx xxxGIDExxx EXTRAORDINARY
PART III—Section 4
PUBLISHED BY AUTHORITY
SECURITIES AND EXCHANGE BOARD OF INDIA
NOTIFICATION
Mumbai, the 3rd July, 2026
SECURITIES AND EXCHANGE BOARD OF INDIA (CUSTODIAN) (AMENDMENT) REGULATIONS, 2026 No.SEBI/LAD-NRO/GN/2026/308.— In exercise of the powers conferred by section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board hereby makes the following regulations to further amend the Securities and Exchange Board of India (Custodian) Regulations, 1996, namely –

1. These Regulations may be called the Securities and Exchange Board of India (Custodian) (Amendment) Regulations, 2026

2. They shall come into force on October 1, 2026.

3. In the Securities and Exchange Board of India (Custodian) Regulations, 1996, –

I. In regulation 9(d), the word “annual” shall be substituted with the word “monthly”.

II. In regulation 26(i), the word “annual” shall be substituted with the word “monthly”.

III. In the Second Schedule,

(i) In Part A, in clause (iii), the words and symbols “Annual fee Rs. 10,00,000 or 0.0005” shall be substituted with the words and symbols “Monthly fee Rs. 85,000 or 0.0000416”.

(ii) In Part B, in clause (II),

a) the words and symbol “Payment of annual fee.” shall be substituted with the words “Payment of monthly fee”.

b) sub-clause (1) shall be substituted with the following, namely, -

“(1) On and from the commencement of the Securities and Exchange Board of India (Custodian) (Amendment) Regulations, 2026, the monthly fee shall be payable with reference to each month, within 15 days of completion of the month.”

c) sub-clause (2) shall be substituted with the following, namely, -

“(2) A custodian who is granted registration on and after the commencement of the Securities and Exchange Board of India (Custodian) (Amendment) Regulations, 2026, shall pay proportionate monthly fee in respect of the month in which he was granted registration and full monthly fee for every subsequent month during which the registration subsists.”

d) sub-clause (3) shall be substituted with the following, namely, -

“(3) A custodian who is granted registration before the commencement of the Securities and Exchange Board of India (Custodian) (Amendment) Regulations, 2026, shall pay proportionate annual fee in respect of the financial year of such commencement and full monthly fee for every subsequent month during which the registration subsists. Such proportionate annual fee shall be payable within 15 days of the commencement of the Securities and Exchange Board of India (Custodian) (Amendment) Regulations, 2026:

Provided that any annual fee paid by a custodian before the commencement of the Securities and Exchange Board of India (Custodian) (Amendment) Regulations, 2026, in respect of a period, the whole or part of which falls after such commencement, shall be proportionately adjusted against the amount payable under this sub-clause.”

e) in sub-clause (4), the word “annual” shall be substituted with the word “monthly”.

AMIT PRADHAN, Executive Director
[ADVT.-III/4/Exty./204/2026-27]

Note:
The Securities and Exchange Board of India (Custodian of Securities) Regulations, 1996 were published in the Gazette of India on May 16, 1996 vide S.O. No. 344 (E) and was last amended on September 23, 2025 by the Securities and Exchange Board of India (Custodian) (Amendment) Regulations, 2025 vide notification no. SEBI/LAD-NRO/GN/2025/267.

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VINOD KUMAR
Digitally signed by VINOD KUMAR
Date: 2026.07.08
14:10:16 +05'30'