SEBI Consultation paper on Review of SEBI (Custodian) Regulations, 1996

SEBI has issued a Consultation paper on Review of SEBI (Custodian) Regulations, 1996 and operational guidelines for Custodians. To harmonize requirements across intermediaries, it is proposed to provide a framework for Custodians similar to that for Stockbrokers, DPs, IAs, RAs, RTAs and KRA. This framework shall, inter alia, include:

  1. Submitting online applications to SEBI via the Intermediary Portal for prior control changes.
  2. Submitting details about the applicant, the acquirer(s)/the person(s) who shall have the control and the directors/partners of such acquirer(s), etc.
  3. Setting a six-month validity period for SEBI approvals.

The comments/ suggestions should be submitted latest by November 28, 2024.

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