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<h1>Portfolio Managers Must Follow Code of Conduct in Schedule III of SEBI Regulations 2020 for Ethical Standards</h1> Every portfolio manager must adhere to the Code of Conduct outlined in Schedule III of the Securities and Exchange Board of India (Portfolio Managers) Regulations, 2020. This requirement is part of the general obligations and responsibilities set forth in Chapter IV of the regulations, ensuring that portfolio managers maintain ethical and professional standards in their operations.