https://www.taxtmi.com/circulars?id=69298 SEBI prescribes that custodians (except banks or their affiliates) segregate SEBI-regulated activities into separate Strategic Business Units with arm's-length accounting and exclusion from net worth calculation, disclose and obtain client acknowledgement for unregulated services, and implement controls when sharing resources. Custodians must adopt board-level governance, an annually reviewed risk management policy with a designated senior risk officer and STR measures, maintain scalable IT capacity and a Business Continuity Plan with geographically or seismically separated DR sites, and implement orderly wind-down arrangements to ensure client portability. en-us Wed, 04 Mar 2026 00:00:00 +0530 Mon, 09 Mar 2026 10:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=69298 SEBI prescribes that custodians (except banks or their affiliates) segregate SEBI-regulated activities into separate Strategic Business Units with arm's-length accounting and exclusion from net worth calculation, disclose and obtain client acknowledgement for unregulated services, and implement controls when sharing resources. Custodians must adopt board-level governance, an annually reviewed risk management policy with a designated senior risk officer and STR measures, maintain scalable IT capacity and a Business Continuity Plan with geographically or seismically separated DR sites, and implement orderly wind-down arrangements to ensure client portability. Circulars SEBI Wed, 04 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/circulars?id=69298