Monthly Reporting of Portfolio Managers
Summary
SEBI mandates Portfolio Managers to submit monthly reports on their portfolio management activities via the SEBI Intermediaries Portal within seven working days of month-end. This circular modifies the prescribed reporting format to broaden the information obtained, specifically distinguishing between Discretionary, Non-Discretionary, and Advisory services. The updated provisions apply to all monthly reports submitted for January 2021 onwards.
Text
Portfolio Managers are required to submit a monthly report regarding their portfolio management activity, on SEBI Intermediaries Portal within 7 working days of the end of each month, as per a prescribed format.
In order to broaden the information obtained under monthly reports, certain modifications are specified in the format enclosed in Annexure A.
The provisions of this circular shall be applicable for monthly reports submitted for January 2021 onwards.
This circular is issued in exercise of powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992 read with the provisions of Regulation 43 of the SEBI (Portfolio Managers) Regulations, 2020.
Source: SecMarx — Monthly Reporting of Portfolio Managers. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.