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In force from 1 April 2027. The SEBI (Portfolio Managers) Regulations, 2026 were notified on 7 October 2026 and replace the 2020 Regulations from 1 April 2027. Until then, the 2020 Regulations apply.

REGULATION 13 · Chapter IV · Co-investment portfolio managers

Non–applicability of certain provisions

SEBI (Portfolio Managers) Regulations, 2026 · notified 7 October 2026 · in force from 1 April 2027

Regulation 13 as notified

All other provisions of these regulations except the following provisions, unless the context otherwise requires or is repugnant to the provisions of this chapter, shall mutatis mutandis apply to co–investment portfolio managers: (a) Regulation 4(a)(iv); (b) Clause (i) and (ii) of Regulation 4(b); (c) Regulation 6(4); (d) Regulation 15(2)(c)(ix) and 15(2)(h); (e) Regulation 16(3) and (6); (f) Regulation 17(4)(a)(i); (g) Regulation 19; (h) Regulation 27(1), (2) and (3); (i) Sub– clause (i) and (ii) of clause 8 of Third Schedule. MANAGER

English text of the Gazette notification. Read with any circulars SEBI issues under these Regulations.

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The plain-English note is a learning aid. The notified text is the law; check later SEBI circulars.

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