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<h1>Regulator requires new simplified Disclosure Document format for portfolio managers with page-level updates certified and filed within seven working days</h1> A securities regulator mandates a simplified, circularized format for portfolio managers' Disclosure Document, removing the prior schedule from the regulations and prescribing a template split into static and dynamic sections covering 16 parameters (e.g., risks, services, taxation, accounting, performance, related-party investments). Each parameter must start on a fresh page; only pages with changes require certification by an independent chartered accountant and the principal officer, and such updated pages must be communicated to clients, posted on the manager's website and filed with the regulator within seven working days. Existing regulatory content, certification and other obligations remain unchanged; the circular is effective immediately.