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.
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-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.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
