Guidelines for Portfolio Managers - Extension of implementation timeline
Summary
SEBI extends the implementation timeline for the 'Guidelines for Portfolio Managers' circular by an additional three months due to the COVID-19 pandemic. The provisions of Circular No. SEBI/HO/IMD/DF1/CIR/P/2020/26 will now become applicable with effect from October 01, 2020. This extension is issued under Section 11(1) of the Securities and Exchange Board of India Act, 1992.
Text
it has been decided to extend the timeline for compliance with the requirements of SEBI Circular No. SEBI/HO/IMD/DF1/CIR/P/2020/26 dated February 13, 2020, by further three months. Accordingly, the provisions of said SEBI Circular shall be applicable with effect from October 01, 2020.
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.
Source: SecMarx — Guidelines for Portfolio Managers - Extension of implementation timeline. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.