Regulatory Alerts2025-09-09
SEBI Circular on Format of Disclosure Document for Portfolio Managers
The Securities and Exchange Board of India (SEBI) issued a circular to simplify the 'Disclosure Document' format for Portfolio Managers by removing the rigid Schedule V from the SEBI (Portfolio Managers) Regulations, 2020. The regulator mandates that the new document be divided into static and dynamic sections, with changes to dynamic parameters requiring certification by an independent Chartered Accountant and the Principal Officer. Portfolio Managers must update clients and file changes with the Board within seven working days of any modification to ensure transparency and ease of doing business.
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