TMI BlogConsideration of applicationX X X X Extracts X X X X X X X X Extracts X X X X ..... (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, investment advisor, research analyst or as ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 to the commencement of the Securities and Exchange Board of India (Portfolio Mana ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... plicant 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 it was read as . 3. Substituted vide Notification No. SEBI/LAD-NRO/GN/2021/10 dated 16-03-2021 before it was read as . 4. Inserted vi ..... X X X X Extracts X X X X X X X X Extracts X X X X
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