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of <h1>SEBI Amends Portfolio Managers Regulations: New Roles for Custodians, Commodity Derivatives, and Inclusion of Goods Effective May 2019.</h1> The Securities and Exchange Board of India (SEBI) issued amendments to the Portfolio Managers Regulations, 1993, effective from May 10, 2019. Key changes include definitions for 'custodian' and 'discretionary portfolio manager,' and the inclusion of 'goods' alongside securities in various clauses. Portfolio managers dealing with commodity derivatives must appoint a custodian. The amendments also address the handling of goods in portfolio management, aligning with the Securities Contracts (Regulation) Act, 1956. These regulations aim to enhance clarity and operational framework for portfolio managers in India.
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