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          <h1>Regulation 16: Chapter III applies only to eligible fund managers as portfolio managers for eligible investment funds.</h1> Regulation 16 of the Securities and Exchange Board of India (Portfolio Managers) Regulations, 2020, specifies that the provisions of Chapter III apply exclusively to eligible fund managers regarding their role as portfolio managers for eligible investment funds. Additionally, all other relevant provisions, guidelines, and circulars under these regulations are applicable to eligible fund managers unless they conflict with or are irrelevant to the specific provisions of this chapter.

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