Portfolio manager registration requirements specify governance, personnel qualifications, certifications and fit and proper criteria for grant of certificate. Regulation 7 sets SEBI's criteria for granting portfolio manager registration, including corporate status, infrastructure, a compliance officer, and a principal officer with prescribed professional qualification, requisite securities market experience and NISM certification (with transitional and continuity requirements). It mandates minimum staff qualifications and experience, requires decision makers in fund management to meet principal officer standards, and authorises the Board to consider disciplinary actions, litigation, convictions, net worth compliance (with some exceptions), fitness and propriety, and investor interest.
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Portfolio manager registration requirements specify governance, personnel qualifications, certifications and fit and proper criteria for grant of certificate.
Regulation 7 sets SEBI's criteria for granting portfolio manager registration, including corporate status, infrastructure, a compliance officer, and a principal officer with prescribed professional qualification, requisite securities market experience and NISM certification (with transitional and continuity requirements). It mandates minimum staff qualifications and experience, requires decision makers in fund management to meet principal officer standards, and authorises the Board to consider disciplinary actions, litigation, convictions, net worth compliance (with some exceptions), fitness and propriety, and investor interest.
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