SEBI Changes the Date of Submission of Monthly Reports by Custodians of Securities

The Securities and Exchange Board of India (SEBI) vide Circular No. IMD/FII&C/30/2008 dated July 21, 2008 had advised the custodians of securities to submit the monthly reports by the 7th of the succeeding month.

In partial modification of Para 2 of the aforesaid Circular, SEBI has decided that the custodians shall submit the monthly reports latest by either the end of the third working day of the succeeding month or the 5th of the succeeding month, whichever is later.