Investment manager experience requirement updated and fast track rights issues exempted from draft offer document filing subject to conditions.
The amendments require that an investment manager have at least five years' experience in fund management, advisory services, or infrastructure development, or that the combined experience of its directors, partners or employees in those activities be at least thirty years, counting only those with more than five years' relevant experience. Separately, an InvIT is not required to file a draft offer document with the Board for a fast track rights issue, subject to conditions specified by the Board.

Extension of Appointment: Chairmanship of the securities regulator continued under statutory powers for a further limited tenure.
The Central Government, exercising statutory powers under Section 4(1)(a) and Section 4(4) of the SEBI Act, 1992 read with Rule 3 of the SEBI (Terms and Conditions of Service of Chairman and Members) Rules, 1992, extends the term of the Chairman's appointment for a further limited period beyond the current term, subject to cessation upon any earlier further orders.

Pledge definition expanded: re-pledge permitted for margin and settlement obligations, as specified in depository regulations.
Amendment inserts an explanation to regulation 79 clarifying that pledge includes re-pledge of securities for margin and settlement obligations of the client and for other purposes as specified by the Board, thereby expanding the operational definition of pledge and vesting the Board with authority to specify additional permissible purposes.

Registration requirement for portfolio managers establishes licensing, disclosure, client segregation and Board inspection obligations.
These regulations require mandatory registration of portfolio managers with the Board, prescribing application procedures, fees, net worth and fit and proper criteria, staffing and infrastructure requirements, and ongoing obligations including appointment of a compliance officer and custodian, segregation of client funds and securities, maintenance of client wise accounts and records, preparation and filing of a certified Disclosure Document, periodic reporting to clients and the Board, and submission to inspection, audit and enforcement by the Board.

Regulation amendment extends the compliance timeline by substituting the specified applicability year, deferring the deadline.
Amendment substitutes the applicability year in regulation 17, sub regulation (1B) of the Listing Obligations and Disclosure Requirements Regulations, thereby extending the specified deadline by replacing the earlier year with a later year; the amendment is made under the Board's statutory rulemaking powers and comes into force upon publication in the Official Gazette.

Terminology change: registering replaced by filing across issue of capital regulations, shifting submission references to filing.
The amendment replaces the terms "registering", "registered" and "registration" with "filing" and "filed" across specified provisions of the Issue of Capital and Disclosure Requirements Regulations, 2018, including multiple regulations and entries in Schedules V, VI (Part A) and XIII (Part A), with targeted substitutions in specified clauses, forms and sub clauses. The changes are effected under the cited statutory power and take effect on publication in the Official Gazette.