Portfolio management disclosure obligations require written client agreements, conflict transparency, annual updates, and fees without upfront charges or return assurance. Portfolio managers must enter into written client agreements, subject to specified exemptions, and obtain prior client consent for related-party or ... Summary
Securities and Exchange Board of India (Portfolio Managers) Regulations, 2026
Portfolio management disclosure obligations require written client agreements, conflict transparency, annual updates, and fees without upfront charges or return assurance.
Portfolio managers must enter into written client agreements, subject to specified exemptions, and obtain prior client consent for related-party or associate investments unless exempted. Before contracting, they must provide a certified Disclosure Document addressing fees, risks, conflicts, related-party matters, diversification, financial statements and performance. The document requires annual certification, updating, filing and website availability, with prompt addenda and client disclosure for material changes. Fees may be fixed, return-based or combined, but cannot include assured returns or upfront charges.
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