Regulation 23A - Appointment of compliance officer - Securities and Exchange Board of India (Portfolio Managers) Regulations, 1993

1 [23A. Appointment of compliance officer.─ (1) Every portfolio manager shall appoint a compliance officer who shall be responsible for monitoring the compliance of the Act, rules and regulations, notifications, guidelines, instructions etc., issued by the Board or the Central Government and for redressal of investors' grievances. (2) The compliance officer shall immediately and independently report to the Board any non-compliance observed by him.] ******* 1 Inserted by the SEBI (Investment Advice by Intermediaries) (Amendment) Regulations, 2001, w.e.f. 29-05- 2001.