diff --git a/programs/mango-v4/src/instructions/perp_edit_market.rs b/programs/mango-v4/src/instructions/perp_edit_market.rs
index e5101954e..1179e79c5 100644
--- a/programs/mango-v4/src/instructions/perp_edit_market.rs
+++ b/programs/mango-v4/src/instructions/perp_edit_market.rs
@@ -65,6 +65,7 @@ pub fn perp_edit_market(
     };
     if let Some(oracle) = oracle_opt {
         perp_market.oracle = oracle;
+        require_group_admin = true;
     }
     if reset_stable_price {
         require_keys_eq!(perp_market.oracle, ctx.accounts.oracle.key());