Liability for default: portfolio managers face regulatory enforcement actions and intermediary sanctions for contraventions. A portfolio manager who contravenes any provision of the Act, its rules or regulations becomes subject to regulatory enforcement measures and may face one or more specified actions, including measures available under the intermediary enforcement framework.
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 default: portfolio managers face regulatory enforcement actions and intermediary sanctions for contraventions.
A portfolio manager who contravenes any provision of the Act, its rules or regulations becomes subject to regulatory enforcement measures and may face one or more specified actions, including measures available under the intermediary enforcement framework.
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