Custodian-client agreement requirements ensure terms for custody, release, entitlements, registration and insurance compliance are specified clearly.

Regulation 17 mandates a written agreement between custodian and each client specifying circumstances and procedures for accepting or releasing securities, goods, assets or documents and monies from the custody account; the manner in which the custodian will receive rights or entitlements on the client's securities or goods; the circumstances and method of registration of securities for each client; and details of any insurance provided by the custodian.

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