Securities Board Amends Regulation 26: Custodians Now Allowed for Gold Assets in Mutual Funds, Replacing Bank Requirement.

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Full Text of the Document

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....Appointment of custodian - Regulation 26 of the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996 as amended - gold or gold related instruments may be kept in the custody of a custodian (earlier it was Bank)....