In a recent development, the Securities and Exchange Board of India (SEBI) has issued a Master Circular for Portfolio Managers, aiming for effective regulation within the industry. 

This circular consolidates various guidelines and directions issued by SEBI until March 31, 2024, superseding the previous Master Circular dated March 20, 2023.

This document will facilitate easy access to all applicable requirements for stakeholders. 

Additionally, SEBI emphasises that directions applicable to Portfolio Managers shall remain in force, along with provisions of other relevant laws. 

Entities subject to compliance requirements outlined in the Master Circular are mandated to submit necessary reports periodically. This directive aligns with SEBI's objective to safeguard investor interests and regulate the securities market.

Click the link to the Master Circular here