Liability for default: portfolio managers face regulatory enforcement actions and intermediary sanctions for contraventions. A portfolio manager who contravenes any provision of the Act, its rules or regulations becomes subject to regulatory enforcement measures and may face one ... Summary
Securities and Exchange Board of India (Intermediaries) Regulations, 2008
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Liability for default: portfolio managers face regulatory enforcement actions and intermediary sanctions for contraventions.
A portfolio manager who contravenes any provision of the Act, its rules or regulations becomes subject to regulatory enforcement measures and may face one or more specified actions, including measures available under the intermediary enforcement framework.
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