Regulatory Alerts2025-03-28
Extension of timelines for submission of offsite inspection data
The Securities and Exchange Board of India (SEBI) has issued a circular modifying the Master Circular for Portfolio Managers to extend the deadline for submitting offsite inspection data from 10 to 15 calendar days after the end of each quarter. This regulatory change, effective immediately, also clarifies that the requirement to submit data for all clients applies retroactively from April 01, 2023. The modification aims to facilitate ease of doing business for Portfolio Managers while ensuring continued compliance with specified data formats.
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