Compliance officer appointment: portfolio managers must designate an independent officer to monitor compliance and report breaches immediately. Every portfolio manager must appoint a compliance officer responsible for monitoring compliance with statutory and Board requirements and for investor grievance redressal; the role must not be assigned to the principal officer or specified employees except that Co-investment Portfolio Managers may assign it to the principal officer. The compliance officer must immediately and independently report any observed non-compliance to the Board.
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.
Compliance officer appointment: portfolio managers must designate an independent officer to monitor compliance and report breaches immediately.
Every portfolio manager must appoint a compliance officer responsible for monitoring compliance with statutory and Board requirements and for investor grievance redressal; the role must not be assigned to the principal officer or specified employees except that Co-investment Portfolio Managers may assign it to the principal officer. The compliance officer must immediately and independently report any observed non-compliance to the Board.
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