Portfolio management safeguards require client-specific investments, prudential monitoring, segregated custody, restricted transfers, and early withdrawal protections. Portfolio managers must act under client agreements and may invest or advise in permitted securities, subject to Board-specified conditions for foreign ... Summary
Portfolio management safeguards require client-specific investments, prudential monitoring, segregated custody, restricted transfers, and early withdrawal protections.
Portfolio managers must act under client agreements and may invest or advise in permitted securities, subject to Board-specified conditions for foreign securities, unlisted securities, and derivatives. Mutual fund investments must be made through direct plans without distribution-related client fees. Client-level prudential limits, credit-rating requirements, and alert-based monitoring apply, while investments in unrated securities of related parties or associates are prohibited. Client funds and securities must be segregated and safeguarded, with controlled aggregation, transfer, and securities-lending arrangements. Clients retain early withdrawal rights on termination, registration action, or portfolio manager bankruptcy or liquidation.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.