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SEBI Proposes New Portfolio Managers Regulations
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Securities and Exchange Board of Indiacorporatewealth_managementregulatory

SEBI Proposes New Portfolio Managers Regulations

October 16, 2026

SEBI Board proposes replacing 2020 rules with modernised 2026 framework focusing on client safeguards, derivatives use, and compliance efficiency.

SEBI Proposes New Portfolio Managers Regulations, 2026

SEBI’s Board has approved a proposal to replace the 2020 Portfolio Managers Regulations with a comprehensive 2026 framework. The new rules aim to expand investment flexibility, including use of derivatives and structured products, while introducing robust client protection mechanisms.

Key elements include a formalised process for Proprietary Investment Management (PRIM), clearer fee structures, simplified reporting, and mandatory risk profiling aligned with SEBI’s suitability norms. The proposal also eases compliance burdens by reducing prescriptive documentation.

The overhaul reflects evolving market practices and demands for customised wealth management. Legal advisors must prepare for a shift toward principle-based compliance and ensure client agreements are updated to reflect new fiduciary expectations.

Practice Areas:corporatewealth_managementregulatory

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