Repeal and savings preserve prior portfolio manager registrations, proceedings, liabilities, and pending applications under the new regulatory framework. Repeal and savings preserve continuity when the 2026 Portfolio Managers Regulations replace the 2020 framework. Pre-repeal registrations, approvals, ... Summary
Referred In :
Securities And Exchange Board of India (Portfolio Managers) Regulations, 2020
Repeal and savings preserve prior portfolio manager registrations, proceedings, liabilities, and pending applications under the new regulatory framework.
Repeal and savings preserve continuity when the 2026 Portfolio Managers Regulations replace the 2020 framework. Pre-repeal registrations, approvals, suspensions, cancellations, adjudications, enquiries, investigations, and show-cause notices are treated as actions under corresponding 2026 provisions. Pending applications transfer to those provisions, while accrued rights, liabilities, penalties, proceedings, and remedies remain unaffected. Existing regulatory references are read as references to corresponding 2026 provisions.
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