Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>SEBI Requires Annual Audit of Portfolio Managers' Performance Data, APMI to Set Standard Terms from October 2023.</h1> The Securities and Exchange Board of India (SEBI) mandates that Portfolio Managers conduct an annual audit of firm-level performance data, including all client portfolios under both discretionary and non-discretionary services. The Association of Portfolio Managers in India (APMI) will establish standardized Terms of Reference (ToR) for these audits, effective October 1, 2023. Portfolio Managers must submit compliance confirmations and audit reports to SEBI within sixty days after each financial year, certified by authorized personnel. This directive aims to protect investor interests and regulate the securities market, as outlined in the SEBI Act and related regulations.