The Securities Exchange Board of India (SEBI) has extended the timeline for the applicability of its circular on ‘Guidelines for Portfolio Managers’ in the light of the market that affects the COVID-19 pandemic.
It has been decided to extend the timeline for compliance with the requirements of the circular by further three months. Accordingly, the provisions shall be applicable with effect from October 01, 2020.
The mentioned circular contains information regarding Fees And Charges, Direct On-Boarding of Clients by Portfolio Managers, Nomenclature ‘Investment Approach’, Periodic Reporting By Portfolio Managers, Reporting of Performance by Portfolio Managers Disclosure Documents, Supervision of Distributors Applicability, etc.
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