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<h1>Securities custodians must follow the updated Code of Conduct per SEBI Regulations, 1996, Third Schedule.</h1> Every custodian under the Securities and Exchange Board of India (Custodian) Regulations, 1996, must adhere to the Code of Conduct specified in the Third Schedule. This regulation was amended through a notification on January 1, 2019, which updated the terminology from 'custodian of securities' to simply 'custodian.'