Extension in time for compliance with Regulation 16(8) of SEBI (Portfolio Managers) Regulations, 1993

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....rs, Sub: Extension in time for compliance with Regulation 16(8) of SEBI (Portfolio Managers) Regulations, 1993 As you are aware, vide SEBI (Portfolio Managers) (Amendment) Regulations, 2008, which were notified on August 11, 2008, certain amendments have been carried out in the SEBI (Portfolio Managers) Regulations, 1993. The said amendments include amendments to sub-regulation (8) of regulation....

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....equests it has been decided to allow a general extension of three months to portfolio managers to comply with the above i.e. the portfolio managers are permitted to comply with the said requirements of sub-regulation(8) of regulation 16 of the SEBI (Portfolio Managers) Regulations, 1993 up to May 10, 2009. In this regard, the portfolio managers shall furnish a compliance report to SEBI within a w....