Regulatory Alerts2025-09-03
Securities and Exchange Board of India (Portfolio Managers) Regulations, 2020
The Securities and Exchange Board of India issued these regulations to mandate registration for all entities acting as portfolio managers, establishing strict eligibility criteria including net worth, infrastructure, and professional qualifications for key personnel. The framework defines specific roles such as discretionary and co-investment portfolio managers while imposing rigorous conditions on registration, such as obtaining prior Board approval for changes in control and maintaining fit-and-proper standards. Furthermore, the regulations enforce ongoing compliance obligations regarding investor grievance redressal, accurate information reporting, and the continuous maintenance of specified net worth levels.
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