signals documentation question

The 1.5 docs say ...

Where should this code live?
You can put signal handling and registration code anywhere you like.
However, you'll need to make sure that the module it's in gets imported
early on so that the signal handling gets registered before any signals
need to be sent. This makes your app's models.py a good place to put
registration of signal handlers.

... and my question:

When models live in a models directory instead of models.py, should the
signal handling and registration code go in __init__.py where the models
are imported?

Thanks

Mike
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