Regulation 18 - Internal controls - Securities and Exchange Board of India (Custodian) Regulations, 1996

Internal controls. 18. (1) Every 2 [ custodian ] shall have adequate internal controls to prevent any manipulation of records and documents including audits for securities 3 [ , goods ] and rights or entitlements arising from the securities 4 [ and goods ] held by it on behalf of its client. (2) Every 2 [ custodian ] shall have appropriate safekeeping measures to ensure that such securities 5 [ , goods ] 1 [, assets or documents] are protected from theft and natural hazard. ************** NOTES:- 1 Inserted by the SEBI (Custodian of Securities) (Amendment) Regulations, 2008, w.e.f. 4-7-2008. 2. Substituted vide NOTIFICATION No. SEBI/LAD-NRO/GN/2019/01 dated 01-01-2019 before it was read as custodian of securities 3. Inserted vide NOTIFICATION No. SEBI/LAD-NRO/GN/2019/01 dated 01-01-2019 4. Inserted vide NOTIFICATION No. SEBI/LAD-NRO/GN/2019/01 dated 01-01-2019 5. Inserted vide NOTIFICATION No. SEBI/LAD-NRO/GN/2019/01 dated 01-01-2019