Regulatory relaxation for portfolio managers permits procedural or hardship-based exemptions upon a reasoned application and prescribed fee. Regulation 43 permits relaxation of strict enforcement for portfolio managers where it serves clients' interests or securities market development. ... Summary
Regulatory relaxation for portfolio managers permits procedural or hardship-based exemptions upon a reasoned application and prescribed fee.
Regulation 43 permits relaxation of strict enforcement for portfolio managers where it serves clients' interests or securities market development. Relaxation may be procedural or technical, arise from non-compliance caused by factors beyond the portfolio manager's control, or prevent undue hardship to clients. Applications must state the relevant details and grounds, be filed with the Board, and be accompanied by a non-refundable prescribed fee through authorised payment modes.
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