THE GAZETTE OF INDIA

EXTRAORDINARY

PART –II – SECTION 3 – SUB SECTION (ii)

PUBLISHED BY AUTHORITY

SECURITIES AND EXCHANGE BOARD OF INDIA

NOTIFICATION

Mumbai, the  30th November, 2006

SECURITIES AND EXCHANGE BOARD OF INDIA

(PORTFOLIO MANAGERS) (THIRD AMENDMENT) REGULATIONS, 2006

S.O No. 2053 (E). In exercise of the powers conferred by section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board hereby makes the following Regulations to further amend the Securities and Exchange Board of India (Portfolio Managers) Regulations, 1993, namely :-

1. These Regulations may be called the Securities and Exchange Board of India (Portfolio Managers) (Third Amendment) Regulations, 2006.

2. They shall come into force on the date of their publication in the Official Gazette.

3.In the Securities and Exchange Board of India (Portfolio Managers) Regulations, 1993, for regulation 16A the following regulation shall be substituted, namely –

“Foreign institutional investors and sub-accounts availing portfolio management services

16A. Foreign institutional investors and sub-accounts registered with the Board may avail of the services of a portfolio manager.”

F.No. SEBILADDOP 1191 2006

M. DAMODARAN

CHAIRMAN

SECURITIES AND EXCHANGE BOARD OF INDIA

More Under SEBI

Posted Under

Category : SEBI (2883)
Type : Notifications (15786) Notifications/Circulars (31743)
Tags : SEBI notifications (2223)

Leave a Reply

Your email address will not be published. Required fields are marked *