Liability for action in case of default: portfolio managers subject to intermediary regulatory action for contraventions of Act or Regulations. Liability for action in case of default is established for portfolio managers who contravene the Act, rules or Regulations, making them subject to one or ... Summary
Securities and Exchange Board of India (Intermediaries) Regulations, 2008
Liability for action in case of default: portfolio managers subject to intermediary regulatory action for contraventions of Act or Regulations.
Liability for action in case of default is established for portfolio managers who contravene the Act, rules or Regulations, making them subject to one or more prescribed disciplinary measures under the intermediary enforcement procedures; alleged failures to comply with certificate conditions or statutory provisions trigger that enforcement process.
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