Regulation 26 - Appointment of custodian - Securities And Exchange Board of India (Portfolio Managers) Regulations, 2020

Appointment of custodian. 26. Every portfolio manager shall appoint a custodian in respect of securities managed or administered by it: Provided that this regulation shall not apply to a portfolio manager who provides only advisory services 1 [ : ] 2 [ Provided further that this regulation shall not apply to a Co-investment Portfolio Manager ] ************* NOTES:- 1. Substituted vide Notification No. SEBI/LAD-NRO/GN/2021/58 dated 09-11-2021 w.e.f. 09-12-2021 before it was read as . 2. Inserted vide Notification No. SEBI/LAD-NRO/GN/2021/58 dated 09-11-2021 w.e.f. 09-12-2021