Regulation tracker
15 October 2026
AIF regulations amended for accredited investors
Securities-market exposure added as an eligibility criterion, accreditation through SEBI-regulated entities permitted, and dispute-related expense rules revised.
Source: AIF (Third Amendment) Regulations, 20267 October 2026
SEBI (Portfolio Managers) Regulations, 2026 notified
New regulations replace the 2020 rulebook from 1 April 2027. PRIM is set out in Chapter VI. The ₹50 lakh PMS minimum stays, accredited investors are exempt, and upfront fees are prohibited.
Source: Notification No. SEBI/LAD-DOP/2026/32224 September 2026
SEBI board approves new PMS rules, PRIM and accredited investor changes
Board approved the SEBI (Portfolio Managers) Regulations, 2026, including the PRIM route (₹25 lakh minimum, direct plans, PRIM-only registration at ₹2 crore net worth) and manager-led accreditation.
Source: SEBI PR No. 59/202613 August 2026
SEBI consults on widening accredited investor framework
Proposed manager-led accreditation, a securities-market exposure test (₹5 crore for individuals, ₹20 crore for body corporates) and deemed status for persons resident outside India. SEBI estimated the eligible pool could grow to around 4 lakh investors.
Source: SEBI press release and consultation paper