Securities and Exchange Board of India (Portfolio Managers) (Amendment) Regulations, 2016

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....lio Managers) (Amendment) Regulations, 2016. 2. They shall come into force on the date of their publication in the Official Gazette. 3. In the Securities and Exchange Board of India (Portfolio Managers) Regulations, 1993,- I. in regulation 6, in sub-regulation (2), in clause (c),- (a) in sub-clause (ii), the symbol "." shall be substituted for the symbol and words "; or"; (b) after sub-clause (ii) the following sub-clause shall be inserted, namely:- "(iii) a CFA charter from the CFA Institute." II. after Chapter II and before Chapter III, the following Chapter shall be inserted, namely,- "CHAPTER II -A ELIGIBLE FUND MANAGERS Definitions 12A. For the purposes of this Chapter, unless the context otherwise requires- (i) The term "....

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....ction 9A of the Income-tax Act, 1961; b) it complies with the requirements specified under Chapter II of these regulations, unless specified otherwise in this Chapter; c) it pays the fees as specified in Schedule II; and d) it provides a declaration to the Board as specified in clause (2) of Schedule VI. Obligation and Responsibilities of Eligible Fund Managers 12E. An eligible fund manager shall be required to: (1) comply with the requirements specified under Section 9A of the Income-tax Act, 1961 or any amendment, notification, clarification, guideline issued thereon; (2) offer discretionary or non-discretionary or advisory services or a combination thereof to eligible investment funds; (3) operate in accordance to its mutually ag....

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....nt funds notwithstanding anything contained in these regulations, schedules thereto or circulars made thereunder: (i) clauses (a) and (b) of sub-regulation (1) of Regulation 14; (ii) clauses (a) and (b) of sub-regulation (2) of Regulation 14; (iii) sub-regulations (1A), (2), (2A), (4A) and (5) of Regulation 15; (iv) first proviso to sub-regulation (3) of Regulation 16; (v) clause (b) of sub-regulation (1) of Regulation 16; (vi) clause (a) of sub-regulation (2) of Regulation 16; (vii) sub-regulation (4) of Regulation 16; (viii) sub-regulation (1) of Regulation 16B; (ix) Regulation 18; (x) sub-regulation (3) of Regulation 20; (xi) sub-regulations (1), (1A), (2) and (3) of Regulation 21; (xii) Form C in Schedule I; and (xiii) Sche....

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...._______________________ Director 2/ Designated Partner 2 ____________________ __________________________ Name in Block Letters Date: Place: Name in Block Letters Date: Place: 2. Declaration by an applicant who intends to act as a portfolio manager to eligible investment funds (must be signed by two directors or designated partners, as the case may be) We hereby declare that we are applying to SEBI to be registered as a portfolio manager. We intend to provide our services to eligible investment funds. In this regards, we declare that: a) We comply with subsection 4(a) of section 9A of Income-tax Act, 1961 (We are not an employee of the eligible investment fund or a connected person of the fund); b) We comply with subsection 4(c)....

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....d on:- a. November 28, 1993 by, SEBI (Portfolio Managers) (Amendment) Regulations, 1993 published in the Official Gazette vide S.O. No. 939(E). b. November 28, 1995 by SEBI (Payment of Fees) (Amendment) Regulations, 1995 vide S.O No.939 (E). c. January 05, 1998 by SEBI (Portfolio Managers) (Amendment) Regulations, 1998 published in the Official Gazette vide S.O.No. 20 (E). d. September 30, 1999 by SEBI (Portfolio Managers) (Amendment) Regulations, 1999 published in the Official Gazette vide S.O. No. 793 (E). e. February 22, 2000 by SEBI (Portfolio Managers) (Amendment) Regulations, 2000 published in the Official Gazette vide S.O. No. 146 (E). f. March 28, 2000 by SEBI (Appeal to Securities Appellate Tribunal) (Amendment) Regulations, ....