Securities and Exchange Board of India (Portfolio Managers) (Amendment) Regulations, 2019

May 13, 2019 | by Avantis RegTech Legal Research Team


The Securities and Exchange Board of India (SEBI) on May 10, 2019, has published SEBI (Portfolio Managers) (Amendment) Regulations, 2019 to further amend the SEBI (Portfolio Managers) Regulations, 1993. It will come into force on the date of its publication in the Official Gazette that is on May 10, 2019. 

The amendments made in the SEBI (Portfolio Managers) Regulations, 1993 are:

The Regulation 2(af) and (ag) has been substituted.

In Regulation 2, a sub-clause (ba) has been inserted specifying the definition of “goods”.

In Regulation 2(cb), a proviso has been inserted, namely the Portfolio Manager may also deal in goods received in delivery against physical settlement of commodity derivatives.

The Regulation 2(ea) and (eb) has been substituted.

In Regulation 16B, a sub-clause (3) has been inserted which specifies that every Portfolio Manager who deals in commodity derivatives shall appoint a custodian.

[Notification No. SEBI/LAD-NRO/GN/2019/17]

Click here to download the Notification.


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