Portfolio Manager regulation consolidates SEBI circulars, updates registration, disclosure, investment limits and reporting obligations. This Master Circular consolidates SEBI circulars for Portfolio Managers up to March 31, 2025, superseding the June 07, 2024 circular, rescinding specified prior circulars while preserving prior actions. It prescribes online registration and change in control procedures, compliance and certification requirements, client fund segregation and reconciliation rules, written policies for order placement and trade allocation, distributor oversight, cybersecurity and valuation norms, limits and prior consent and disclosure obligations for related party investments, reporting and audit requirements (monthly, quarterly, annual and offsite formats), standardized investment approach/strategy tagging and performance benchmarking, fee disclosure and high water mark rules, and investor grievance and reporting obligations.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Portfolio Manager regulation consolidates SEBI circulars, updates registration, disclosure, investment limits and reporting obligations.
This Master Circular consolidates SEBI circulars for Portfolio Managers up to March 31, 2025, superseding the June 07, 2024 circular, rescinding specified prior circulars while preserving prior actions. It prescribes online registration and change in control procedures, compliance and certification requirements, client fund segregation and reconciliation rules, written policies for order placement and trade allocation, distributor oversight, cybersecurity and valuation norms, limits and prior consent and disclosure obligations for related party investments, reporting and audit requirements (monthly, quarterly, annual and offsite formats), standardized investment approach/strategy tagging and performance benchmarking, fee disclosure and high water mark rules, and investor grievance and reporting obligations.
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