Comment on the following: 'Custodian of securities' means any person who carries on or proposes to carry on the business of providing custodial services.

'Custodian of Securities' means any person who carries on or proposes to carry on the business of providing custodial services. A custodian helps ensuring the interests of the investors by keeping track and ensuring the safety of their investments under a custodial agreement. It helps in minimizing potential risk of mishandling of physical securities and investor records. The SEBI (Custodian of Securities) Regulations, 1996 prescribe the roles and responsibilities of the custodians.