Compliance with Regulation 16(8) of SEBI (Portfolio Managers) Regulations, 1993.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

...., 1993. 1. This is further to SEBI Circular No. IMD/PMS/2/2009/11/05 dated May 11, 2009 regarding compliance with Regulation 16(8) of SEBI (Portfolio Managers) Regulations, 1993. 2. In this regard, it is hereby informed that portfolio managers may undertake new clients subject to the following: a. Portfolios of non-compliant client accounts shall be frozen; b. Fresh purchases on behalf of su....