Fit and proper person requirement added for portfolio manager applicants, making applicant suitability a formal condition for registration. The amendment to the Portfolio Managers Regulations, 1993 inserts clause (gg) into regulation 6, making the applicant's status as a fit and proper person an explicit condition for registration as a portfolio manager; the amendment is made under the SEBI Act and takes effect on publication in the Official Gazette.
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Provisions expressly mentioned in the judgment/order text.
Fit and proper person requirement added for portfolio manager applicants, making applicant suitability a formal condition for registration.
The amendment to the Portfolio Managers Regulations, 1993 inserts clause (gg) into regulation 6, making the applicant's status as a fit and proper person an explicit condition for registration as a portfolio manager; the amendment is made under the SEBI Act and takes effect on publication in the Official Gazette.
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