Securities And Exchange Board Of India (Portfolio Managers) Amendment Regulations, 1998 - S.O. No.20(E) - SEBI/LE/2298/98

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<h1>SEBI Amends Portfolio Managers Regulations: New Clause Requires Applicants to Be 'Fit and Proper Persons' Under Regulation 6.</h1> The Securities and Exchange Board of India (SEBI) issued an amendment to the Portfolio Managers Regulations, 1993, effective upon publication in the Official Gazette. This 1998 amendment introduces a new clause in regulation 6, specifically clause (gg), which mandates that applicants must be deemed 'fit and proper persons' to qualify under the regulations. This change reflects SEBI's ongoing efforts to ensure that portfolio managers meet specific standards of integrity and competence.

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