Consideration of application

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....lio manager; (c) the applicant has appointed a compliance officer; (d) the principal officer of the applicant has- ^1[(i) a professional qualification in finance, law, accountancy or business management from a university or an institution recognized by the Central Government or any State Government or a foreign university or a professional qualification by completing a Post Graduate Program in the Securities Market (Portfolio Management) from NISM of a duration not less than one year or a professional qualification by obtaining a CFA charter from the CFA institute;] ii. experience of at least five years in related activities in the securities market including in a portfolio manager, stock broker, investme....

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....ing qualifications :- i. graduation from a university or an institution recognized by the Central Government or any State Government or a foreign university; and ii. an experience of at least two years in related activities in the securities market including in a portfolio manager, stock broker, investment advisor or as a fund manager: Provided that any employee of the Portfolio Manager who has decision making authority related to fund management shall have the same ^5[minimum qualifications, experience and certification] as specified for the Principal Officer in clause (d) of sub-regulation (2) of regulation 7: Provided further that a portfolio manager, who was granted a certificate of registration prior....

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....cted for any offence involving moral turpitude or has been found guilty of any economic offence; (j) the applicant is a fit and proper person; (k) the grant of certificate to the applicant is in the interest of investors.     *************** NOTES:- 1. Substituted vide Notification No. SEBI/LAD-NRO/GN/2021/10 dated 16-03-2021 before it was read as, "i. a professional qualification in finance, law, accountancy or business management from a university or an institution recognized by the Central Government or any State Government or a foreign university or a CFA charter from the CFA institute;" 2. Substituted vide Notification No. SEBI/LAD-NRO/GN/2021/10 dated 16-03-2021 before....