Regulation 26 - Appointment of custodian of securities
Securities and Exchange Board of India (Foreign Portfolio Investors) Regulations, 2014 Chapter V GENERAL OBLIGATIONS AND RESPONSIBILITIES OF FOREIGN PORTFOLIO INVESTORS
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Custodian obligations: custodial agreement plus daily reporting, monitoring, recordkeeping and aggregated holding controls enforced by depositories. Regulation 26 requires a foreign portfolio investor or its global custodian to enter a custodial agreement with a designated depository participant before investing and imposes on the custodian of securities obligations including daily reporting of transactions to depositories and the Board, monitoring of investor investments, maintaining true and fair records and transaction documents, and reporting group holdings so depositories can aggregate and enforce the combined holding limit.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Custodian obligations: custodial agreement plus daily reporting, monitoring, recordkeeping and aggregated holding controls enforced by depositories.
Regulation 26 requires a foreign portfolio investor or its global custodian to enter a custodial agreement with a designated depository participant before investing and imposes on the custodian of securities obligations including daily reporting of transactions to depositories and the Board, monitoring of investor investments, maintaining true and fair records and transaction documents, and reporting group holdings so depositories can aggregate and enforce the combined holding limit.
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