Regulation 14 - Monitoring, review evaluating and inspecting systems and controls. - Securities and Exchange Board of India (Custodian) Regulations, 1996

Monitoring, review evaluating and inspecting systems and controls. 14. (1) Every 1 [ custodian ] shall have adequate mechanisms for the purposes of reviewing, monitoring and evaluating the custodian's controls, systems, procedures and safeguards. (2) The 1 [ custodian ] shall cause to be inspected annually the mechanism referred to in sub-regulation (1) by an expert and forward the inspection report to the Board within three months from the date of inspection. ************ NOTES:- 1. Substituted vide NOTIFICATION No. SEBI/LAD-NRO/GN/2019/01 dated 01-01-2019 before it was read as custodian of securities