Portfolio manager registration criteria: assessment of infrastructure, personnel qualifications, fitness and investor interest. Registration requires the Board to assess eligibility and fitness: corporate status, infrastructure, capital adequacy, principal officer qualifications or experience (including CFA), and employment of at least two experienced persons. The Board examines prior rejections or disciplinary actions affecting connected persons, litigation related to the securities market, convictions for moral turpitude or economic offences, and whether the applicant and related persons are fit and proper, with grant being in the interest of investors.