Investment Management Department

Division of Foreign Institutional Investors and Custodians

Website: www.sebi.gov.in

 Circular No. IMD/CUST/24 /2006

December 18, 2006

To

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Foreign Institutional Investors and Custodians of Securities

Dear Sir / Madam,

Sub: SEBI (Custodian of Securities) (Second Amendment) Regulations 2006

1.Enclosed please find a copy of the gazette notification no. S.O.1860 (E) dated October 31, 2006 pertaining to SEBI (Custodian of Securities) (Second Amendment) Regulations 2006 for your information and necessary action.

2.A copy of the circular is available at the web page “Foreign Institutional Investors” on our website www.sebi.gov.in .

3.The format mentioned at 3 (iii) b (4) of SEBI (Custodian of Securities) (Second Amendment) Regulations 2006 is enclosed as annexure “A”.

Yours faithfully,

Sangeeta Uchil

Deputy General Manager

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