Maintenance of Clients’ Funds in a separate Bank Account by Portfolio Managers
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....egistered Portfolio Managers Dear Sir/ Madam, Sub: Maintenance of Clients' Funds in a separate Bank Account by Portfolio Managers 1. Regulation 16(7) of the SEBI (Portfolio Managers) Regulations, 1993, states that "the portfolio manager shall segregate each client's funds and portfolio of securities and keep them separately from his own funds and securities and be responsible for safe keeping o....


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