Portfolio manager registration requires corporate status, adequate infrastructure, qualified personnel, independent net worth, and investor-interest assessment. Portfolio manager registration requires assessment of body corporate status, adequate infrastructure, designated personnel, fit-and-proper status, and ... Summary
Portfolio manager registration requires corporate status, adequate infrastructure, qualified personnel, independent net worth, and investor-interest assessment.
Portfolio manager registration requires assessment of body corporate status, adequate infrastructure, designated personnel, fit-and-proper status, and investor interest. Applicants must maintain minimum net worth independently of other capital requirements, with a prescribed portion in unencumbered liquid assets; existing portfolio managers must comply within twelve months. Principal officers require prescribed qualifications, certification and securities-market experience. An additional graduate employee requires related experience, while personnel or independent fund managers with fund-management decision-making authority must meet the principal officer standards.
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