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ARTICLE · 11 FEBRUARY 2020

New Regulations For Portfolio Managers

Agram Legal Consultants
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In this regard, the 2020 Regulations have clarified that the role of the compliance officer cannot be assigned to the principal officer or the employee of the portfolio manager.

IndiaCorporate/Commercial Law
Agram Legal Consultants
Agram Legal Consultants

On August 2, 2019, the Securities and Exchange Board of India ("SEBI") had issued a consultation paper to seek public comments on the recommendations of the working group of industry participants in relation to the SEBI (Portfolio Managers) Regulations, 1993 ("1993 Regulations") since a need was felt to review the 1993 Regulations and improve transparency in the dealings of portfolio managers. Pursuant thereto, on January 16, 2020, SEBI notified the SEBI (Portfolio Managers) Regulations, 2020 ("2020 Regulations"), in supersession of the 1993 Regulations, which have come into effect from January 20, 2020. The key changes introduced by the 2020 Regulations are as follows:

1. Enhanced considerations for Applicants

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