Online system for portfolio managers & VC funds introduced
Published: May 31, 2017
By TIOLCORP News Service
NEW DELHI , MAY 31, 2017: IN order to bring all the intermediary related processes (registration, reporting and other requests) to the online platform, the Securities and Exchange Board of India (SEBI) has introduced an online system for Portfolio Managers.
The 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 will now be required to submit their applications on the online system. Existing SEBI registered Portfolio Managers have been separately intimated by emails and advised to activate their online accounts.
In order to help in the process of registration and other compliances, users will have access to the manual provided in the portal. And in case any further help is required, users will also have the facility of contacting the portal helpline as specified in the manual.
A similar online system has also been introduced 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 will now be required to file their reports and submit applications for any request on the online system.