Regulation 25 - Asset management company and its obligations
Securities and Exchange Board of India (Mutual Funds) Regulations, 1996 Chapter IV CONSTITUTION AND MANAGEMENT OF ASSET MANAGEMENT COMPANY AND CUSTODIAN
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Due diligence obligations for asset management companies require governance, disclosure, and risk management protections for unit holders. The AMC must exercise due diligence in all investment decisions, ensure conformity with these regulations and the trust deed, and remain liable for acts or omissions of its personnel and service providers. The CEO and fund managers are responsible for regulatory compliance, risk management, adherence to the Code of Conduct and quarterly self certification to trustees. The board must ensure pre launch systems, key personnel appointments, oversight of brokers, conflict of interest controls, disclosure of related party transactions, valuation and reporting in accordance with prescribed schedules, and establishment of investor protection mechanisms.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Due diligence obligations for asset management companies require governance, disclosure, and risk management protections for unit holders.
The AMC must exercise due diligence in all investment decisions, ensure conformity with these regulations and the trust deed, and remain liable for acts or omissions of its personnel and service providers. The CEO and fund managers are responsible for regulatory compliance, risk management, adherence to the Code of Conduct and quarterly self certification to trustees. The board must ensure pre launch systems, key personnel appointments, oversight of brokers, conflict of interest controls, disclosure of related party transactions, valuation and reporting in accordance with prescribed schedules, and establishment of investor protection mechanisms.
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