Registration requirement for portfolio managers: must hold Board certificate to act, with temporary exemption for existing merchant bankers. No person may act as a portfolio manager without a certificate granted by the Board under these regulations. A merchant banker acting as a portfolio manager immediately before the amendment may continue to do so for a limited transitional period or, if an application for registration is made within that period, until the disposal of the application.
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.
Registration requirement for portfolio managers: must hold Board certificate to act, with temporary exemption for existing merchant bankers.
No person may act as a portfolio manager without a certificate granted by the Board under these regulations. A merchant banker acting as a portfolio manager immediately before the amendment may continue to do so for a limited transitional period or, if an application for registration is made within that period, until the disposal of the application.
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