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

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....agers Dear Sirs, Sub: Compliance with Regulation 16(8) of SEBI (Portfolio Managers) Regulations, 1993. In consideration of the requests received from portfolio managers, SEBI, vide Circular No. IMD/CIR No.1/155740/2009 dated: February 27, 2009 had extended the deadline and permitted portfolio managers to comply with the requirements of sub-regulation(8) of regulation 16 of the SEBI (Portf....

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....uirements. Such portfolio managers shall submit a monthly progress report in regard to status of compliance. Post the deadline of May 10, 2009, portfolio managers are also advised to comply with the following: 1. Client securities which are held in a pool account as on May 11, 2009 shall be frozen with respect to any further transactions. 2. Selling of securities, however, fro....