Inspection notice requirements permit written-reason waiver where investor or public interest requires immediate oversight of portfolio managers. Inspection procedure requires the Board to give a portfolio manager reasonable notice before an inspection. Prior notice may be dispensed with only for ... Summary
Inspection notice requirements permit written-reason waiver where investor or public interest requires immediate oversight of portfolio managers.
Inspection procedure requires the Board to give a portfolio manager reasonable notice before an inspection. Prior notice may be dispensed with only for reasons recorded in writing where this is in the interest of investors or the public interest. During an inspection, the portfolio manager remains bound to discharge the prescribed obligations.
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