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    <description>Regulation 21 empowers the Board to appoint inspecting officers to inspect a custodian&#039;s books of account, records and documents to ensure records are maintained as required, investigate investor or client complaints and ascertain compliance with the Act and regulations, and to conduct suo motu inquiries in the interest of the securities market or investors; the term &quot;custodian&quot; substitutes the earlier phrase &quot;custodian of securities.&quot;</description>
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