https://www.taxtmi.com/circulars?id=65824 SEBI requires Portfolio Managers to comply with prudential ceilings on direct investments in securities of their associates/related parties, obtain one time prior positive consent from clients (allowing dissent or lower limits), rebalance portfolios within 90 days after passive breaches unless waived by client consent, restrict investments in below investment grade debt/hybrid securities (with narrower exceptions for non discretionary managers), and provide detailed disclosures and updates in periodic reports and the Disclosure Document. en-us Fri, 26 Aug 2022 00:00:00 +0530 Tue, 03 Feb 2026 14:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=65824 SEBI requires Portfolio Managers to comply with prudential ceilings on direct investments in securities of their associates/related parties, obtain one time prior positive consent from clients (allowing dissent or lower limits), rebalance portfolios within 90 days after passive breaches unless waived by client consent, restrict investments in below investment grade debt/hybrid securities (with narrower exceptions for non discretionary managers), and provide detailed disclosures and updates in periodic reports and the Disclosure Document. Circulars SEBI Fri, 26 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/circulars?id=65824