Inspection notice requirements permit waiver on recorded investor or public-interest grounds while requiring portfolio manager compliance during inspections. Inspection procedure requires the Board to give reasonable notice before commencing an inspection under Regulation 35. The Board may dispense with notice ... Summary
Securities and Exchange Board of India (Portfolio Managers) Regulations, 2026
Inspection notice requirements permit waiver on recorded investor or public-interest grounds while requiring portfolio manager compliance during inspections.
Inspection procedure requires the Board to give reasonable notice before commencing an inspection under Regulation 35. The Board may dispense with notice where it records written reasons that dispensing with notice serves investor interests or the public interest. During the inspection, the portfolio manager remains bound to discharge all obligations provided under Regulation 37.
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