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<h1>SEBI Implements Portfolio Managers Regulations 2020: Key Rules on Registration, Compliance, and Integrity Standards.</h1> The Securities and Exchange Board of India (SEBI) issued the Portfolio Managers Regulations, 2020, effective January 16, 2020, under the SEBI Act, 1992. These regulations govern the registration and operation of portfolio managers, requiring them to obtain a certificate from SEBI. Key provisions include definitions, registration procedures, eligibility criteria, net worth requirements, and compliance obligations. Portfolio managers must maintain high standards of integrity, segregate clients' funds, and adhere to a code of conduct. The regulations also address the responsibilities of eligible fund managers, inspection rights of SEBI, and procedures for addressing defaults. The 1993 regulations are repealed, but actions under them remain valid.