https://www.taxtmi.com/circulars?id=68481 Master Circular consolidates SEBI guidance for Portfolio Managers, updating and superseding prior master circulars while preserving past actions. It prescribes online registration (Form A), Compliance Officer designation, net worth and certification norms, segregation of client funds, direct onboarding and distributor supervision, written policies for order placement and allocation, cyber security requirements for larger PMs, investment permissions including derivatives and co investment, prudential limits and client consent for related party investments, credit rating constraints, uniform disclosure and benchmarking of Investment Approaches, mandatory monthly/quarterly/offsite reporting to SEBI and clients, audited firm level performance reporting, fee and exit load rules, and grievance redressal obligations. en-us Fri, 07 Jun 2024 00:00:00 +0530 Wed, 11 Feb 2026 16:00:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=68481 Master Circular consolidates SEBI guidance for Portfolio Managers, updating and superseding prior master circulars while preserving past actions. It prescribes online registration (Form A), Compliance Officer designation, net worth and certification norms, segregation of client funds, direct onboarding and distributor supervision, written policies for order placement and allocation, cyber security requirements for larger PMs, investment permissions including derivatives and co investment, prudential limits and client consent for related party investments, credit rating constraints, uniform disclosure and benchmarking of Investment Approaches, mandatory monthly/quarterly/offsite reporting to SEBI and clients, audited firm level performance reporting, fee and exit load rules, and grievance redressal obligations. Circulars SEBI Fri, 07 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/circulars?id=68481