n NISM Certifications
XXI NISM Series XXI-A
Medium

When is a PMS provider required to disclose information to SEBI?

Practice question from NISM XXI A for PMS - Mock Test 2 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    When SEBI requests details about clients whose funds are being managed

  2. B

    When there is a change in the PMS's net worth from the date of registration

  3. Both A and B

    Correct answer

  4. D

    Neither A nor B

Why this is the answer

SEBI mandates disclosures upon request and when there are material changes like net worth variation.

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