Eligible fund manager obligations require client asset segregation, contractual services, disclosures, custody, reporting, and anti-money-laundering compliance. Eligible fund managers must provide agreed portfolio management or advisory services to eligible investment funds, make material disclosures, and ... Summary
Eligible fund manager obligations require client asset segregation, contractual services, disclosures, custody, reporting, and anti-money-laundering compliance.
Eligible fund managers must provide agreed portfolio management or advisory services to eligible investment funds, make material disclosures, and segregate client funds, securities, books, and accounts. They must appoint a custodian for investments in India unless one has already been appointed, and keep fund monies with scheduled commercial banks unless no Indian securities investment is intended. They must also maintain required records, furnish monthly reports, and comply with anti-money-laundering requirements.
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