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The Economic Times

Veer Sharma

Motilal Oswal group gets SEBI custodian licence to start operations from Q4

Motilal Oswal SEBI Motilal Oswal Financial Services Veer Sharma

Motilal Oswal Custodial Services Private Limited (MOCSPL), a wholly owned subsidiary of Motilal Oswal Financial Services Limited (MOFSL), has received approval from the Securities and Exchange Board of India (SEBI) to act as a Custodian of Securities under the SEBI (Custodian) Regulations, 1996.

The approval will allow MOCSPL to provide securities safekeeping, trade settlement, corporate action processing and regulatory reporting services to institutional clients. These will include alternative investment funds (AIFs), portfolio management services (PMS), mutual funds, insurance companies and pension funds, among others.

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