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Facilitating collective oversight of distributors for Portfolio Management Services (PMS) through APMI

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.... Managers Association of Portfolio Managers in India (APMI) Madam/ Sir, Sub: Facilitating collective oversight of distributors for Portfolio Management Services (PMS) through APMI 1. Regulation 23 (11) of SEBI (Portfolio Managers) Regulations, 2020, inter-alia states that the portfolio manager shall ensure that any person or entity involved in the distribution of its services is carryi....

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....as been decided that any person or entity involved in the distribution of portfolio management services shall obtain registration with APMI. Portfolio Managers shall ensure that any person or entity engaged in the distribution of its services has obtained registration with APMI, in accordance with the criteria laid down by APMI. 5. This circular shall come into effect from January 01, 2025. APM....

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