https://www.corpzo.com/sebi-portfolio-managers-regulations-2026-key-changes-vs-2020 SEBI (Portfolio Managers) Regulations, 2026: Key Changes and Comparison with the 2020 Regulations SEBI has substituted the portfolio management services rulebook of 2020 with the Securities and Exchange Board of India (Portfolio Managers) Regulations, 2026 (F. No. SEBI/LAD-DOP/2026/322). The notice was issued on 7 October 2026, published on the SEBI website on 12 October 2026 and will come into force on 1 April 2027, at the same time repealing the 2020 regulations pursuant to Regulation 46. The Board's memorandum states that the objectives are to promote industry development, simplify compliance, achieve consolidation and eliminate redundant provisions. The size of the industry has increased from ₹18.07 lakh crore of AUM in April 2019 to ₹44.10 lakh crore in July 2026, with 527 registered portfolio managers.