{"id":2479,"date":"2025-09-16T02:45:35","date_gmt":"2025-09-16T02:45:35","guid":{"rendered":"https:\/\/bhatiabhola.com\/?p=2479"},"modified":"2025-09-16T02:45:36","modified_gmt":"2025-09-16T02:45:36","slug":"sebi-circular-dated-09-09-2025-format-of-disclosure-document-for-portfolio-managers-simplified","status":"publish","type":"post","link":"https:\/\/bhatiabhola.com\/index.php\/blog\/2025\/09\/16\/sebi-circular-dated-09-09-2025-format-of-disclosure-document-for-portfolio-managers-simplified\/","title":{"rendered":"SEBI Circular Dated 09\/09\/2025 &#8211; Format of Disclosure Document for Portfolio Managers simplified\u00a0\u00a0"},"content":{"rendered":"\n<p>The new provisions divides the Disclosure Document into two parts: a \u2018Static\u2019 section and a \u2018Dynamic\u2019 section. The Static section includes 11 parameters that do not change frequently, such as definitions, risk factors, services offered, and expense details. The Dynamic section covers five parameters that require regular updates, including client representation, financial performance, and audit observations. A key procedural change is that whenever information is updated, only the specific pages containing the changes need to be certified by an independent Chartered Accountant and the Portfolio Manager Principal Officer.\u00a0<\/p>\n\n\n\n<p><a href=\"https:\/\/www.sebi.gov.in\/legal\/circulars\/sep-2025\/format-of-disclosure-document-for-portfolio-managers_96479.html\"><em>(Link: SEBI Circular Dated 09\/09\/2025)<\/em><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The new provisions divides the Disclosure Document into two parts: a \u2018Static\u2019 section and a \u2018Dynamic\u2019 section. 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The Static section [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/bhatiabhola.com\/index.php\/blog\/2025\/09\/16\/sebi-circular-dated-09-09-2025-format-of-disclosure-document-for-portfolio-managers-simplified\/\" \/>\n<meta property=\"og:site_name\" content=\"Bhatia Bhola &amp; Associates LLP\" \/>\n<meta property=\"article:published_time\" content=\"2025-09-16T02:45:35+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-09-16T02:45:36+00:00\" \/>\n<meta name=\"author\" content=\"Yash Bhola\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Yash Bhola\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/bhatiabhola.com\/index.php\/blog\/2025\/09\/16\/sebi-circular-dated-09-09-2025-format-of-disclosure-document-for-portfolio-managers-simplified\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/bhatiabhola.com\/index.php\/blog\/2025\/09\/16\/sebi-circular-dated-09-09-2025-format-of-disclosure-document-for-portfolio-managers-simplified\/\"},\"author\":{\"name\":\"Yash Bhola\",\"@id\":\"https:\/\/bhatiabhola.com\/#\/schema\/person\/5c941d1613f06d46d7c656c473e8249c\"},\"headline\":\"SEBI Circular Dated 09\/09\/2025 &#8211; 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