Exemption for eligible fund managers: specified portfolio manager provisions do not apply to their activities for eligible investment funds. Regulation 12F exempts eligible fund managers, when acting for eligible investment funds, from a specified list of regulatory obligations and procedural ... Summary
Securities and Exchange Board of India (Portfolio Managers) Regulations, 1993
Exemption for eligible fund managers: specified portfolio manager provisions do not apply to their activities for eligible investment funds.
Regulation 12F exempts eligible fund managers, when acting for eligible investment funds, from a specified list of regulatory obligations and procedural provisions in the Portfolio Managers Regulations, including particular clauses, sub regulations, a named form in Schedule I and certain schedules, thereby limiting the application of those identified provisions to such managers.
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