Maintenance of books and records: portfolio managers must retain financial statements and transaction support and notify the regulator. Regulation 17 requires portfolio managers to retain copies of balance sheets, profit and loss accounts, auditors' reports, statements of financial position and documentary support for every investment transaction or recommendation, to notify the Board of the location of those records, and to furnish, on the Board's request, copies of specified financial documents for the preceding five accounting years.
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.
Maintenance of books and records: portfolio managers must retain financial statements and transaction support and notify the regulator.
Regulation 17 requires portfolio managers to retain copies of balance sheets, profit and loss accounts, auditors' reports, statements of financial position and documentary support for every investment transaction or recommendation, to notify the Board of the location of those records, and to furnish, on the Board's request, copies of specified financial documents for the preceding five accounting years.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.