Securities Exchange Board of India (SEBI) vide its Press Release No. 29/2017 dated May 30, 2017 has introduced online system for portfolio managers and venture capital funds. In furtherance of SEBI's endeavour to bring all the intermediary related processes (registration, reporting and other requests) to the online platform, SEBI has introduced an online system for Portfolio Managers. The online system provides a comprehensive solution for all the regulatory compliances specified under the SEBI (Portfolio Managers) Regulations, 1993 and circulars issued thereunder. All applicants desirous of seeking registration as a ‘Portfolio Manager’ have to submit their applications on the online system. Further, SEBI has also introduced an online system for Venture Capital Funds. The system provides the facility for all compliances, as specified under the SEBI (Venture Capital Funds) Regulations, 1996, and options for other requests. All SEBI registered Venture Capital Funds are required to file their reports and submit applications for any request on the online system.
The Weekly Obiter
SEBI INTRODUCES ONLINE SYSTEM FOR PORTFOLIO MANAGERS AND VENTURE CAPITAL FUNDS: MAY 30, 2017
June 27, 2017