Client level segregation: non individual advisers may obtain an annual auditor certificate; periodic reports due promptly after reporting period. Non individual investment advisers may obtain an annual auditor certificate confirming compliance with client level segregation and must retain it as part of the compliance audit; periodic half yearly reports must be submitted to the administrative body within 30 days from the end of the reporting period, with immediate effect and administrative implementation mandated.
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.
Client level segregation: non individual advisers may obtain an annual auditor certificate; periodic reports due promptly after reporting period.
Non individual investment advisers may obtain an annual auditor certificate confirming compliance with client level segregation and must retain it as part of the compliance audit; periodic half yearly reports must be submitted to the administrative body within 30 days from the end of the reporting period, with immediate effect and administrative implementation mandated.
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