Master Circular for Custodians

SEBI has issued Master Circular for Custodians. The master circular provides that for online registration, applicant can access SEBI Intermediary Portal ( to submit the applications for registration as a Custodian under the provisions of Securities and Exchange Board of India (Custodian) Regulations, 1996(“Custodian Regulations”). Link for SEBI Intermediary Portal is also available on SEBI website

All applicants desirous of seeking registration as a Custodian are now required to submit their applications online only, through SEBI Intermediary Portal at The Custodian seeking approval as Designated Depository Participant (DDP) in terms of Regulation 10 of Securities and Exchange Board of India(Foreign Portfolio Investors) Regulations, 2019(“FPI Regulations”)shall also apply through this portal.