SEBI's proposal to amend custodian regulations seeks to replace annual payments with monthly fees to enhance compliance efficiency.
Amendments to Custodian Regulations
SEBI has proposed significant amendments to the Custodian Regulations, aiming to replace the traditional annual fee payment model with a monthly payment system. This change is intended to improve the frequency and efficiency of fee collection processes.
By proposing monthly fees, SEBI aims to streamline operational practices and reduce the administrative burden associated with annual assessments and payments. This adjustment provides a more flexible approach to fee structures in custodial services.
Legal professionals involved in custodial services should adapt to these upcoming changes, which have the potential to impact client billing practices and overall operational workflows.
