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    <title>Regulator mandates simplified mandatory Disclosure Document for portfolio managers, divides into static/dynamic sections, immediate compliance within seven working days</title>
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    <description>The regulator issued a circular prescribing a simplified, mandatory Disclosure Document format for portfolio managers, deleting Schedule V and dividing the document into static and dynamic sections covering 16 specified parameters. Updated pages must start on a fresh page; only pages with changes require certification by an independent chartered accountant and the principal officer, and must be communicated to clients, uploaded to the manager&#039;s website and filed with the regulator within seven working days. Existing regulatory requirements, certification norms and other provisions remain unchanged. The circular is effective immediately and issued under the regulator&#039;s statutory powers to protect investors.</description>
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