The Securities Exchange Board of India ( SEBI ) has allowed the Relaxation in compliance with requirements pertaining to Portfolio Managers.
In light of the recent market events due to the CoVID-19 pandemic, a need has been felt to relax the timeline for compliance with certain requirements for Portfolio Managers.
The SEBI decided to extend the timelines for the following, by two months:
The Circular is issued in exercise of powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992 and shall come into force with immediate effect.