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of <h1>Regulation 18 mandates custodians to implement strong internal controls and safekeeping measures to protect client assets.</h1> Regulation 18 of the Securities and Exchange Board of India (Custodian) Regulations, 1996 mandates that custodians implement robust internal controls to prevent record and document manipulation, including audits for securities, goods, and related rights or entitlements held on behalf of clients. Custodians must also ensure appropriate safekeeping measures to protect these assets from theft and natural hazards. These requirements ensure the integrity and security of the assets managed by custodians. Amendments in 2008 and 2019 expanded the scope to include various assets and updated the terminology used in the regulations.
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