Guidelines for Investment Advisers - Extension of timelines
Summary
This circular extends the compliance timelines for Investment Advisers regarding annual audits and segregation certificates for the financial year ending March 31, 2021. The deadline for conducting the annual compliance audit is extended to December 31, 2021, with adverse findings submission due by January 31, 2022. Additionally, the timeline for obtaining the auditor's certificate confirming client-level segregation is also extended to December 31, 2021.
Text
for financial year ending March 31, 2021, it has been decided to extend the timeline for compliance with the aforesaid requirements by three months.
for financial year ending March 31, 2021, the IAs shall conduct the annual compliance audit by December 31, 2021 and submit the adverse findings of the audit, if any, by January 31, 2022.
for financial year ending March 31, 2021, IA shall obtain a certificate from an auditor by December 31, 2021.
Source: SecMarx — Guidelines for Investment Advisers - Extension of timelines. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.