TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>SEBI Circular: Portfolio Managers Must Segregate Client Funds, Maintain Separate Accounts, and Provide Monthly Statements.</h1> The circular issued by SEBI mandates that portfolio managers maintain clients' funds in a separate bank account. It requires clear segregation of each client's funds through proper back office records, prohibits the use of one client's funds for another, and mandates maintaining an accounting system with separate client-wise data. Portfolio managers must provide clients with monthly account statements and reconcile client-wise funds with the bank account daily. This directive, under the SEBI Act and Portfolio Managers Regulations, aims to protect investors and regulate the securities market.
TaxTMI 
TaxTMI 
