SGMII specification provides only for transferring link status updates
over the SGMII link. Refer to SGMII Spesc, Section "Control Information
Exchanged Between Links". There are no provisions for setting or reading
any PHY register over SGMII. Thus, if you wish to have full control
over your PHY, yes, you need to connect it to an out-of-band management
interface.
Have a great day,
Platon
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