Regulation 13 - Segregation of activities - Securities and Exchange Board of India (Custodian) Regulations, 1996

Segregation of activities. 13. Where a 1 [ custodian ] is carrying on any activity besides that of acting as 1 [ custodian ] , then,- (i) the activities relating to his business as 1 [ custodian ] shall be separate and segregated from all other activities; (ii) its officers and employees engaged in providing custodial services shall not be engaged in any other activity carried on by him. ************ NOTES:- 1. Substituted vide NOTIFICATION No. SEBI/LAD-NRO/GN/2019/01 dated 01-01-2019 before it was read as custodian of securities