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    <title>Appointment of Principal Officers and other Key managerial personnel</title>
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    <description>Third-party fund management requires a dedicated Principal Officer for each scheme, responsible for fund management, risk management and compliance. Non-Retail Fund Management Entities may use their existing Compliance Officer for specified self-managed, portfolio management and third-party-managed schemes, while Retail Fund Management Entities must keep Retail Scheme and Non-Retail Scheme compliance roles separate. Assets under management of third-party-managed schemes count for additional key managerial personnel requirements, excluding fund of funds schemes.</description>
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      <description>Third-party fund management requires a dedicated Principal Officer for each scheme, responsible for fund management, risk management and compliance. Non-Retail Fund Management Entities may use their existing Compliance Officer for specified self-managed, portfolio management and third-party-managed schemes, while Retail Fund Management Entities must keep Retail Scheme and Non-Retail Scheme compliance roles separate. Assets under management of third-party-managed schemes count for additional key managerial personnel requirements, excluding fund of funds schemes.</description>
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