Custodial services expanded to include title deeds of real estate mutual fund schemes, clarifying custody duties and transitional permission. Amendments expand the definition of custodial services to include safekeeping and incidental services for title deeds of real estate assets held by real estate mutual fund schemes, specifying account maintenance, collection of benefits or rights, client notifications about issuer actions, and record reconciliation; corresponding regulatory provisions are amended to insert references to title deeds and to 'assets or documents,' and a transitional clause allows registered custodians at commencement to provide custody of such title deeds.
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Custodial services expanded to include title deeds of real estate mutual fund schemes, clarifying custody duties and transitional permission.
Amendments expand the definition of custodial services to include safekeeping and incidental services for title deeds of real estate assets held by real estate mutual fund schemes, specifying account maintenance, collection of benefits or rights, client notifications about issuer actions, and record reconciliation; corresponding regulatory provisions are amended to insert references to title deeds and to "assets or documents," and a transitional clause allows registered custodians at commencement to provide custody of such title deeds.
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