Liability for action in case of default: portfolio managers subject to intermediary regulatory action for contraventions of Act or Regulations. Liability for action in case of default is established for portfolio managers who contravene the Act, rules or Regulations, making them subject to one or more prescribed disciplinary measures under the intermediary enforcement procedures; alleged failures to comply with certificate conditions or statutory provisions trigger that enforcement process.
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.
Liability for action in case of default: portfolio managers subject to intermediary regulatory action for contraventions of Act or Regulations.
Liability for action in case of default is established for portfolio managers who contravene the Act, rules or Regulations, making them subject to one or more prescribed disciplinary measures under the intermediary enforcement procedures; alleged failures to comply with certificate conditions or statutory provisions trigger that enforcement process.
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