SEBI Proposes a Review of Custodian Norms and Operational Guidelines to Ease Operations and Compliances
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- By Chetan Kulasri
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- Last Updated on 15 November, 2024
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SEBI Report 3; Dated: 13.11.2024
SEBI has released a Consultation Paper on the review of Custodian Regulations, 1996, and operational guidelines for Custodians. SEBI has proposed increasing the net worth requirement for custodians from Rs 50 crore to Rs 100 crore. Existing custodians who do not meet the revised net worth requirement must be given a period of 3 years to comply with the revised net worth requirement. Comments may be submitted by Nov 28, 2024.
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