Custodian appointment is mandatory for portfolio managers handling securities, except those providing only advisory services. Every portfolio manager managing or administering securities must appoint a custodian in respect of those securities. Portfolio managers providing only ... Summary
Custodian appointment is mandatory for portfolio managers handling securities, except those providing only advisory services.
Every portfolio manager managing or administering securities must appoint a custodian in respect of those securities. Portfolio managers providing only advisory services are excluded from this requirement.
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