Portfolio manager registration required: certificate, conditions, approval for status changes, capital adequacy and grievance redressal apply. The Regulations require mandatory Board-issued certificates for portfolio managers, revise and add key definitions including change in control and discretionary portfolio manager, impose conditions on registration and renewal (prior Board approval for status changes, payment of fees, investor grievance redressal, capital adequacy and regulatory compliance), authorize a transitional period for merchant bankers to apply, and set the validity period of certificates and the updated fee schedule in Schedule II.
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Portfolio manager registration required: certificate, conditions, approval for status changes, capital adequacy and grievance redressal apply.
The Regulations require mandatory Board-issued certificates for portfolio managers, revise and add key definitions including change in control and discretionary portfolio manager, impose conditions on registration and renewal (prior Board approval for status changes, payment of fees, investor grievance redressal, capital adequacy and regulatory compliance), authorize a transitional period for merchant bankers to apply, and set the validity period of certificates and the updated fee schedule in Schedule II.
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