https://www.taxtmi.com/circulars?id=59348 Amendments redefine "principal officer" as an employee designated by the portfolio manager and set eligibility by either a professional qualification in finance, law, accountancy or business management, or at least ten years' related securities-market experience. A new rule mandates that every portfolio manager appoint a custodian for securities managed or administered by it, with exemptions for managers below a prescribed assets-under-management threshold and for those performing purely advisory functions. The amendments come into force on publication in the Official Gazette. en-us Mon, 24 Jul 2006 00:00:00 +0530 Mon, 28 Jan 2019 14:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=59348 Amendments redefine "principal officer" as an employee designated by the portfolio manager and set eligibility by either a professional qualification in finance, law, accountancy or business management, or at least ten years' related securities-market experience. A new rule mandates that every portfolio manager appoint a custodian for securities managed or administered by it, with exemptions for managers below a prescribed assets-under-management threshold and for those performing purely advisory functions. The amendments come into force on publication in the Official Gazette. Circulars SEBI Mon, 24 Jul 2006 00:00:00 +0530 https://www.taxtmi.com/circulars?id=59348