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    <title>Appointment of compliance officer</title>
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    <description>Every portfolio manager must appoint a compliance officer responsible for monitoring compliance with statutory and Board requirements and for investor grievance redressal; the role must not be assigned to the principal officer or specified employees except that Co-investment Portfolio Managers may assign it to the principal officer. The compliance officer must immediately and independently report any observed non-compliance to the Board.</description>
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      <description>Every portfolio manager must appoint a compliance officer responsible for monitoring compliance with statutory and Board requirements and for investor grievance redressal; the role must not be assigned to the principal officer or specified employees except that Co-investment Portfolio Managers may assign it to the principal officer. The compliance officer must immediately and independently report any observed non-compliance to the Board.</description>
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