Online
Registration Mechanism For Custodian Of Securities
1. Hon'ble Minister of Finance,
Government of India, in his speech while presenting the Budget for FY 2017-18
on February 01, 2017, announced that the process of registration of financial
market intermediaries will be made fully online by SEBI.
2. It has now been decided to
operationalize SEBI Intermediary Portal (https://siportal.sebi.gov.in) for the
applicants to submit the applications for registration as a Custodian of
Securities under the provisions of SEBI (Custodian of Securities) Regulations,
1996 (hereinafter referred to as ‘Custodian Regulations’) online. Link for SEBI
Intermediary Portal is also available on SEBI website - www.sebi.gov.in.
3. All applicants desirous of
seeking registration as a Custodian of Securities are now required to submit
their applications online only, through SEBI Intermediary Portal at
https://siportal.sebi.gov.in. The Custodian of Securities seeking approval as
Designated Depository Participant (DDP) in terms of Regulation 11 of SEBI (FPI)
Regulations, 2014 shall also apply through this portal. The aforesaid online
registration system for Custodians of Securities and approval as DDP has been
made operational with immediate effect.
4. In case of any queries and
clarifications with regard to the SEBI Intermediary Portal, intermediaries may contact
SEBI portal helpline on 022-26449364 or may write at portalhelp@sebi.gov.in.
5. This circular is issued in
exercise of powers conferred under Section 11(1) of the Securities and Exchange
Board of India Act, 1992 to protect the interests of investors in securities
and to promote the development of, and to regulate the securities market.
6. A copy of this circular is
available at the links “Legal - Circulars” on the website www.sebi.gov.in.
With Regards
CS Prakash Verma
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