Regulation 16 - Separate custody account - Securities and Exchange Board of India (Custodian) Regulations, 1996

Separate custody account. 16. Every 1 [ custodian ] shall open a separate custody account for each client, in the name of the client whose securities are in its custody and the assets of one client shall not be mixed with those of another client. ************** NOTES:- 1. Substituted vide NOTIFICATION No. SEBI/LAD-NRO/GN/2019/01 dated 01-01-2019 before it was read as custodian of securities