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TMI BlogClarification regarding amendment to SEBI (Portfolio Managers) Regulations, 2020X X X X Extracts X X X X X X X X Extracts X X X X ..... ns, 2020 1. The Securities and Exchange Board of India (Portfolio Managers) Regulations, 2021 (PMS Regulations) were amended vide notification dated November 09, 2021 , to facilitate co-investment by investors of Alternative Investment Funds (AIF) through the portfolio management route. Copy of the notification is available at link . 2. In this regard, the following is specified: 2.1. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... h all provisions of the PMS Regulations including eligibility criteria, and with the prior approval of SEBI. 2.2. Periodic reporting by Portfolio Managers i. In partial modification to provisions of Circular No. SEBI/HO/IMD/DF1/CIR/P/2021/02 dated January 08, 2021 , Portfolio Managers shall submit a monthly report regarding their portfolio management activity, on SEBI Intermediaries Porta ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ragraph A.3 shall remain unchanged for portfolio management services other than Co-investment. 2.4. Direct on-boarding of clients by Portfolio Managers i. In partial modification to paragraph B of Circular No. SEBI/HO/IMD/DF1/CIR/P/2020/26 dated February 13, 2020 , the provisions with respect to direct on-boarding of clients by Portfolio Managers as specified therein, shall not be applica ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... o promote the development of, and to regulate the securities market. 5. The circular is available on SEBI website at www.sebi.gov.inunder the categories Info for Portfolio Managers and Legal framework -Circulars . Yours faithfully, Manaswini Mahapatra General Manager 022-26449375 Email: [email protected] - Circular - Trade Notice - Public Notice - Instructio ..... X X X X Extracts X X X X X X X X Extracts X X X X
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