Compliance with Regulation 16(8) of SEBI (Portfolio Managers) Regulations, 1993

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..... consideration of the requests received from portfolio managers, SEBI, vide Circular No. IMD/CIR No.1/155740/2009 dated: February 27, 2009 had extended the deadline and permitted portfolio managers to comply with the requirements of sub-regulation(8) of regulation 16 of the SEBI (Portfolio Managers) Regulations, 1993 by May 10, 2009. Portfolio managers were also advised to furnish a compliance repo .....

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..... t the deadline of May 10, 2009, portfolio managers are also advised to comply with the following: 1. Client securities which are held in a pool account as on May 11, 2009 shall be frozen with respect to any further transactions. 2. Selling of securities, however, from such pool account shall be permitted 3. Transfer of securities from such pool account to respective client s account shall .....

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