SEBI asks portfolio managers to adopt a written down policy in compliance with the ‘Portfolio Managers’ regulations
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- Last Updated on 3 October, 2022
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Circular No. SEBI/HO/IMD/IMD-I DOF1/P/CIR/2022/133, Dated: 30_09-2022
The SEBI has asked portfolio managers to put in place a written down policy in compliance with the SEBI (Portfolio Managers) Regulations, 2020, specifying the roles and responsibilities of various teams engaged in fund management, dealing, compliance, risk management, back office, etc., with regard to the management of client funds and securities. Further, the policy includes order placement, execution of orders, trade allocation amongst clients and other related matters.
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