Skip to main content
SEBI Introduces New Portfolio Managers Framework from 2027
Back to Court News
Securities and Exchange Board of Indiacorporatefinancial_servicesregulatory

SEBI Introduces New Portfolio Managers Framework from 2027

October 11, 2026

SEBI’s Portfolio Managers Regulations, 2026, effective April 2027, introduce a comprehensive regime for registration, capital, PRIM, and client safeguards.

Comprehensive Overhaul of Portfolio Management Rules

SEBI has enacted the Portfolio Managers Regulations, 2026, replacing the 2020 regime with a revised framework effective 1 April 2027. The new rules cover registration criteria, minimum net worth, operational compliance, PRIM (Portfolio Risk and Investment Management) standards, and robust client protection mechanisms.

Key provisions include enhanced disclosure requirements, restrictions on derivatives usage, and clearer conflict-of-interest guidelines. The regulations also introduce a more structured approach to client categorisation and mandate annual compliance certifications. These changes follow public consultation and SEBI Board recommendations aimed at improving market integrity.

Law firms advising portfolio managers must now conduct compliance gap analyses and update client agreements. The transition timeline allows for phased implementation, but early alignment with the new capital and reporting norms is advisable.

Citations

  • SEBI (Portfolio Managers) Regulations, 2026
Practice Areas:corporatefinancial_servicesregulatory

Related Articles

View All →
Tax Classification Based on Form at Sale: Supreme CourtFeatured
Supreme Court of Indiataxcorporate

Tax Classification Based on Form at Sale: Supreme Court

The Supreme Court held that tax classification of goods must be determined by their physical form at the time of sale, not by the end-use or intended application by consumers.

Oct 14, 2026Read more →
Tax Classification Based on Form at Time of Sale, Not End Use: SCFeatured
Supreme Court of Indiataxcorporate

Tax Classification Based on Form at Time of Sale, Not End Use: SC

The Supreme Court held that tax classification of goods must be determined by their physical form at the time of sale, not by the buyer's ultimate use, clarifying long-standing confusion in tax jurisprudence.

Oct 12, 2026Read more →
SBI Liable for TDS on Foreign LTC BenefitsFeatured
Supreme Court of Indiataxlabour

SBI Liable for TDS on Foreign LTC Benefits

Supreme Court held that foreign-leg Leave Travel Concession (LTC) benefits are not exempt under Section 10(5) and SBI must deduct TDS on such reimbursements.

Oct 9, 2026Read more →