In light of the recent market events due to the CoVID-19 pandemic, a need has been felt to relax the timeline for compliance with certain requirements for Portfolio Managers.
Accordingly, it has been decided to extend the timelines for the following, by two months:
1. Monthly reporting to SEBI by Portfolio Managers for the periods ending March 31, 2020 and April 30, 2020.
2. Applicability of SEBI Circular SEBI/HO/IMD/DF1/CIR/P/2020/26 dated February 13, 2020 on ‘Guidelines for Portfolio Managers’.
3. This Circular is issued in exercise of powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992 and shall come into force with immediate effect.
Download Official Announcement: Relaxation in compliance with requirements pertaining to Portfolio