Relaxation in compliance with requirements pertaining to Portfolio Managers
Summary
SEBI issues a circular to relax compliance timelines for Portfolio Managers due to the COVID-19 pandemic. The regulator extends specific deadlines by two months, including monthly reporting and the applicability of prior guidelines. This order is issued under Section 11(1) of the SEBI Act and takes immediate effect.
Text
it has been decided to extend the timelines for the following, by two months
Monthly reporting to SEBI by Portfolio Managers for the periods ending March 31, 2020 and April 30, 2020
Applicability of SEBI Circular SEBI/HO/IMD/DF1/CIR/P/2020/26 dated February 13, 2020 on ‘Guidelines for Portfolio Managers’
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 — Relaxation in compliance with requirements pertaining to Portfolio Managers. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.