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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 27 · Chapter V · General obligations and responsibilities of portfolio managers

Appointment of compliance officer

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

In plain English

Every portfolio manager appoints a compliance officer, responsible for monitoring compliance with SEBI's and the Government's rules and for redressing investor grievances. The compliance officer must meet SEBI's eligibility criteria.

This note explains the provision; the notified text below is the law.

Regulation 27 as notified

(1) Every portfolio manager shall appoint a compliance officer who shall be responsible for monitoring the compliance of the Act, rules and regulations, notifications, guidelines, instructions etc., issued by the Board or the Central Government and for redressal of investors' grievances. (2) The compliance officer shall satisfy the eligibility criteria as may be specified by the Board from time to time. (3) The role of compliance officer, specified in sub–regulation (1), shall not be assigned to the principal officer appointed in terms of regulation 4(b)(i) of these regulations or the employee of the portfolio manager appointed in terms of regulation 4(b)(ii) of these regulations. (4) The compliance officer shall immediately and independently report to the Board any non–compliance observed by him.

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.

Prashant Kumar

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CS Prashant Kumar

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Prashant Kumar is a seasoned Company Secretary and corporate governance strategist with more than 13 years of experience advising large corporates, promoter-led groups and global businesses on compliance, regulatory risk and board governance. In GIFT IFSC, the IFSCA regime is his day job rather than a research topic.