Order Management System requirement mandates automated scheme-wise order placement with audit trail and time-stamping for fund managers. Trade execution and allocation obligations require use of an automated Order Management System for equity and equity-related orders, with scheme-wise placement by fund managers or authorised employees, and maintenance of a scheme-wise audit trail and time-stamping from fund manager instruction through dealer placement, execution and allocation; discretion-free transactions may be excluded from OMS if documented and equivalent audit trails and compliance with allocation limits are maintained, and fund managers retain responsibility for order placement.
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.
Order Management System requirement mandates automated scheme-wise order placement with audit trail and time-stamping for fund managers.
Trade execution and allocation obligations require use of an automated Order Management System for equity and equity-related orders, with scheme-wise placement by fund managers or authorised employees, and maintenance of a scheme-wise audit trail and time-stamping from fund manager instruction through dealer placement, execution and allocation; discretion-free transactions may be excluded from OMS if documented and equivalent audit trails and compliance with allocation limits are maintained, and fund managers retain responsibility for order placement.
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