News From Press Sebi lays down new norms for portfolio managers’ audit

Sebi lays down new norms for portfolio managers’ audit

Source:Mint Aug 3, 2023

The Securities and Exchange Board of India (Sebi) Wednesday said the terms of reference (ToR) for a mandatory audit will be decided by the Association of Portfolio Managers in India (APMI) in consultation with the Sebi.

The capital market regulator in a circular said, “ In order to have uniformity, it has been decided that APMI, in consultation with SEBI, shall specify standardised Terms of Reference (‘ToR’) for aforesaid audit of firm-level performance data."

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