Chapter VIII - NET ASSET VALUE AND TIMELINES FOR ALLOTMENT OF MUTUAL FUND UNITS AND PAYMENT OF INVESTMENT PROCEEDS (From Regulation 43 to Regulation 46)
Trustees must ensure the asset manager has expertise, controls and risk systems and that fund activities comply with regulations. Trustees must verify that the asset management company has necessary expertise, internal control systems and an effective risk management mechanism, ensure compliance with regulatory requirements on risk management, investor protection, disclosures and reporting as specified by the Board, and ensure all activities of the Specialized Investment Fund conform to the regulations.
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.
Trustees must ensure the asset manager has expertise, controls and risk systems and that fund activities comply with regulations.
Trustees must verify that the asset management company has necessary expertise, internal control systems and an effective risk management mechanism, ensure compliance with regulatory requirements on risk management, investor protection, disclosures and reporting as specified by the Board, and ensure all activities of the Specialized Investment Fund conform to the regulations.
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