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of <h1>SEBI Updates Portfolio Managers Regulations: New Qualifications and Certification Requirements Introduced for Compliance and Enhanced Governance.</h1> The Securities and Exchange Board of India (SEBI) has amended the Portfolio Managers Regulations, 2020, effective from the publication date in the Official Gazette. Key changes include updating the professional qualifications required for portfolio managers, which now recognize qualifications in finance, law, accountancy, business management, or a CFA charter. Additionally, a new requirement mandates obtaining fresh NISM certification before the current one expires to maintain compliance. The amendments also revise the language in regulation 7 to include certification alongside minimum qualifications and experience. These changes aim to enhance the regulatory framework governing portfolio managers.
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