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:
- Submitting online applications to SEBI via the Intermediary Portal for prior control changes.
- 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.
- Setting a six-month validity period for SEBI approvals.
The comments/ suggestions should be submitted latest by November 28, 2024.
