A clause-by-clause comparison with the 2020 Regulations, checked against the SEBI Master Circular and the circulars behind it TRANSIQUE | REGULATORY INSIGHT Quick answer SEBI notified the SEBI (Portfolio Managers) Regulations, 2026 on 7 October 2026 replacing the 2020 Regulations, and will be effective from 1 April 2027. The main changes include: Broader eligibility criteria...