Compliance Test Report frequency changed to bi monthly; reports must reach the regulator promptly after each two month period. SEBI requires that the Compliance Test Report (CTR) submitted by AMCs be furnished once every two months (instead of quarterly) and reach the regulator within 21 days after the end of the two month period; the April-May 2005 CTR must reach SEBI by June 21, 2005. The instruction is issued under the regulator's powers to protect investor interests and regulate the securities market and references prior circulars and an earlier CTR format revision.
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Provisions expressly mentioned in the judgment/order text.
Compliance Test Report frequency changed to bi monthly; reports must reach the regulator promptly after each two month period.
SEBI requires that the Compliance Test Report (CTR) submitted by AMCs be furnished once every two months (instead of quarterly) and reach the regulator within 21 days after the end of the two month period; the April-May 2005 CTR must reach SEBI by June 21, 2005. The instruction is issued under the regulator's powers to protect investor interests and regulate the securities market and references prior circulars and an earlier CTR format revision.
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