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

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....n 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 (Portfolio Managers) Regulations, 1993 by May 10, 2009. Portf....

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.... 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, from such pool account shall be permitted 3. Transfer of securities from s....