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of <h1>SEBI Issues Updated Master Circular for Portfolio Managers Consolidating All Guidelines Through March 31, 2024</h1> The Securities and Exchange Board of India issued an updated Master Circular for Portfolio Managers, superseding the previous version dated March 20, 2023. The circular consolidates all relevant guidelines issued through March 31, 2024, providing stakeholders access to applicable requirements in one document. Several previously issued circulars are now rescinded, though actions taken under them remain valid. The circular maintains that any registrations, approvals, fees collected, investigations, or pending applications under rescinded circulars will continue under corresponding provisions of the new Master Circular. Portfolio managers must submit periodic compliance reports as required.
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