In light of market events due to CoVID-19 pandemic, SEBI, vide Circular dated March 30, 2020 extended, inter alia, the timeline for applicability of SEBI Circular dated February 13, 2020 on ‘Guidelines for Portfolio Managers’.
After taking into consideration requests received from portfolio managers and the prevailing business and market conditions, it has been decided to extend the timeline for compliance with the requirements of SEBI Circular dated February 13, 2020, by further three months. Accordingly, the provisions of said SEBI Circular shall be applicable with effect from October 01, 2020.
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