Activities of Custodians of Securities
Summary
The circular mandates custodians to file annual review reports by March 31st along with an Action Taken Report. Custodians are required to submit monthly market value statements of securities held in custody by the seventh day of the following month. The directive discontinues dBase reporting for FII equity trades while requiring ISIN generation for unlisted securities.
Text
henceforth the report for a particular calendar year would be filed by 31st March of the following year along with ‘Action Taken Report’, if any.
this review report should also cover the aspect of reporting of FII transactions to SEBI and RBI as stipulated vide Regulation 16 of the SEBI (FII) Regulations, 1995.
custodians should provide the market value of the securities held in custody with them on a monthly basis... submitted by the seventh day of the following month.
the equity trade reports in dBase format be discontinued from May 21, 2001. Thereafter, the custodians may report the figures only in text mode.
custodians are requested to submit separate reports - one would be the normal report and the other for the holiday... not to submit a consolidated report.
To generate ISINs, information in the enclosed format (Annexure B) is required to be submitted to SEBI.
Information on scrips where investment has already been made in the past should be submitted within 10 days of issue of this circular.
Information with respect to new unlisted scrips should be submitted within 10 days from the date of reporting of the transaction.
Source: SecMarx — Activities of Custodians of Securities. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.