Fit and proper criteria: Board may apply intermediary schedule criteria when assessing applicants' and portfolio managers' eligibility. Regulation 8 provides that determination of whether an applicant or portfolio manager is a fit and proper person shall be made by the Board, which may ... Summary
Securities and Exchange Board of India (Intermediaries) Regulations, 2008
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Fit and proper criteria: Board may apply intermediary schedule criteria when assessing applicants' and portfolio managers' eligibility.
Regulation 8 provides that determination of whether an applicant or portfolio manager is a fit and proper person shall be made by the Board, which may take into account the criteria specified in Schedule II of the Securities and Exchange Board of India (Intermediaries) Regulations when assessing eligibility under the Registration of Portfolio Managers regime.
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