SEBI's recent notification establishes a requirement for custodians to report and remit fees on a monthly basis, effective October 1, 2026. This change is aimed at ensuring timely oversight of custodian activities.
Custodian Reporting Change
SEBI has mandated a shift in the reporting and fee payment regimen for custodians from a quarterly to a monthly basis, effective October 1, 2026. This initiative is designed to enhance oversight and maintain the integrity of custodians' operations.
The updated regulations necessitate custodians to adhere to a revised reporting timeline, ensuring that regulatory bodies receive timely updates on custodians’ activities and financial standings.
Legal practitioners focusing on compliance for custodians need to be well-informed of these changes, ensuring their clients can meet the new obligations effectively and avoid potential penalties for non-compliance.
