Half Yearly Reporting by Portfolio Managers
Summary
This circular mandates Portfolio Managers to submit half-yearly reports using a revised format within 30 days after the periods ending September 30 and March 31. The reporting requirements include general information, capital adequacy details, dispute histories, and performance comparisons against benchmarks. The authority for this directive is derived from sections 11 and 11A of the SEBI Act, 1992.
Text
All portfolio managers are advised to submit the half yearly report to SEBI in the revised format within 30 days after the end of respective period ended 30/9 & 31/3 of each year.
This circular is issued in exercise of powers conferred by sub-section (1) of section 11 and section 11A of the Securities and Exchange Board of India Act, 1992, to protect the interests of investors in securities and to promote the development of, and to regulate the securities market.
Name, Registration no, Address (Registered and Correspondence office address with email id).
Net worth as on 30/9 or 31/3 as the case may be; The statement of networth... based on audited / unaudited accounts...
Details of all settled and pending disputes against applicant/ its directors/ associates
Indictment or involvement in any economic offence during the period.
List of approved share brokers whose services were utilized for PMS activities and whether any of them were suspended for more than one week / had defaulted with any Stock Exchange authority
List of Corporate Clients - (with Name and Amount of portfolio fund managed)
Performance of Portfolio Manager in comparison to relevant benchmark indices during the period – (for the categories – Individual clients & corporate clients)
A certificate duly signed by the Principal Officer stating that the information required under Regulation No. 23(ii) of SEBI (Portfolio Managers) Regulations, 1993 has been reported to SEBI.
A certificate from the auditors relating to Portfolio Management activities as required under Regulation No. 20(2) of SEBI (Portfolio Managers) Regulations, 1993 and management’s comments on the adverse remarks if any, made by the auditor.
Corporate Governance report as required under the PMS Circular IMD/PMS/CIR/1/21727/03 dated November 18, 2003.
Source: SecMarx — Half Yearly Reporting by Portfolio Managers. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.