Markets regulator SEBI on 9 August 2017 launched online registration mechanism for custodians of securities to make it convenient for them to do business.
The new system will help custodian of securities to complete registration and other regulatory filings with SEBI in a cost-effective manner.
All applicants who want to seek registration as a custodian of securities are now required to submit their applications online only.
The custodian of securities, who seek approval as Designated Depository Participant (DDP) in terms of Regulation 11 of SEBI (FPI) Regulations, 2014, will also be required to apply through this portal.
Custodian of securities holds shares and other assets in electronic or physical form.
When: 9 August 2017
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