‘Guidelines for Investment Advisers’ - Extension of timelines

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..... vide Circular No. SEBI/HO/IMD/DF1/CIR/P/2020/182 dated September 23, 2020 (hereinafter referred as Circular ) inter alia prescribed timeline of six months from the end of each financial year for Investment Advisers (IA) to conduct annual audit in respect of compliance of SEBI (Investment Advisers) Regulations, 2013 ( IA Regulations ) and circulars issued thereunder. Further, a timeline of one .....

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..... ng March 31, 2021, it has been decided to extend the timeline for compliance with the aforesaid requirements by three months. 5. Accordingly, the Circular stands partially modified as under: i. In accordance with clause 2 (vii) of the Circular, for financial year ending March 31, 2021, the IAs shall conduct the annual compliance audit by December 31, 2021 and submit the adverse findings of t .....

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