Latest News | Sebi Revises Format of Monthly Reports Submitted by Portfolio Managers
Get latest articles and stories on Latest News at LatestLY. Regulator Sebi on Friday revised the format of monthly reports submitted by portfolio managers, with an aim to broaden the information obtained under such filings.
New Delhi, Jan 8 (PTI) Regulator Sebi on Friday revised the format of monthly reports submitted by portfolio managers, with an aim to broaden the information obtained under such filings.
Portfolio managers are mandated to submit a monthly report regarding their portfolio management activity on Sebi intermediaries' portal within seven working days of the end of each month in a format specified by the regulator.
In the revised format released on Friday, Sebi has added certain sections for disclosure.
Portfolio managers would now have to specify the types of services offered -- discretionary, non-discretionary and advisory service.
Besides, they would have to make disclosures regarding funds inflow/outflow under the data for discretionary and non-discretionary services, among others.
The new format will be applicable for "monthly reports submitted for January 2021 onwards," the markets watchdog said.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)