Foreign institutional investors allowed to use portfolio management services after amendment permitting registered sub-accounts to engage portfolio managers. The amendment substitutes the existing eligibility provision to provide that registered foreign institutional investors and their sub-accounts may avail the services of a portfolio manager, with the change taking effect upon publication in the Official Gazette.
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Provisions expressly mentioned in the judgment/order text.
Foreign institutional investors allowed to use portfolio management services after amendment permitting registered sub-accounts to engage portfolio managers.
The amendment substitutes the existing eligibility provision to provide that registered foreign institutional investors and their sub-accounts may avail the services of a portfolio manager, with the change taking effect upon publication in the Official Gazette.
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