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<h1>Financial Custodians Must Separate Operations, Implement Strong Controls, and Protect Client Assets Under Regulation 29</h1> Regulation 29 outlines specific obligations for custodians in financial services. Custodians must separate their custodial activities from other operations, establish robust monitoring mechanisms, execute comprehensive client agreements, and maintain strong internal controls to prevent record manipulation, protect against theft, and safeguard documents from potential hazards.