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Portfolio Managers Given Extended Timeline of 15 Days to Submit Quarterly Inspection Data Starting April 2023

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Full Text of the Document

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....SEBI has extended the timeline for Portfolio Managers to submit quarterly offsite inspection data from 10 to 15 calendar days from the end of each quarter. Additionally, the requirement for submission of such data will now be applicable from April 1, 2023 onwards, rather than the previous date. Day-wise data must be furnished for "Client Folio AUM" and "Client Holding Master" table headings. These modifications to Clauses 5.4.3 and 5.4.4 of the Master Circular for Portfolio Managers dated June 7, 2024 took immediate effect upon issuance of the circular, which was implemented under SEBI Act provisions to regulate securities markets.....

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