Examples of PMS Regulations in a sentence
Charging and disclosure of appropriate fees & expenses in accordance with the PMS Regulations.
The Portfolio client is given purely advisory services as stipulated under SEBI PMS Regulations and in accordance with the requirement of the client.
Accordingly, there are no audit observations in relation to portfolio management activities in terms of SEBI (PMS) Regulations, 2020.
The performance of clients which were live during the period is considered.2. Returns are after charging fees and expenses.3. As per Regulations 22(4)(e) of SEBI PMS Regulations 2020, performance shall be calculated using Time Weighted Average (TWRR) however SEBI vide its circular dated February 13, 2020 provided further clarification with regard to performance calculation of the Portfolio Manager.
The above investment strategy is indicative of the investment strategy of the Product as per the market conditions as of the date of this Disclosure Document and shall be subject to change, in accordance with the PMS Regulations, depending on the change in market conditions at any time during the term of the Product.
The Portfolio Manager will n be guided and adhere with PMS Regulations before investing in equity and debt/hybrid securities of its associates/related parties.
Further, Regulation 24 (3E) of PMS Regulations provides that the Portfolio Manager shall ensure investment of its clients’ funds on the basis of the credit rating of securities as may be specified by the Board.
Portfolio manager shall ensure compliance with computation of performance of portfolio in terms of SEBI (PMS) Regulations, 2020 and SEBI Circular no.
Regulation 24 (3C) of PMS Regulations provides that Portfolio Managers shall not be allowed to invest clients’ funds in unrated securities of their related parties or their associates.
The GMS and PMS Regulations have specific provisions which describe component types of service.