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Sebi board meeting: PMS rules overhaul, FPI commodity trades among key decisions to watch out

economictimes.indiatimes.com · 9h · first reportShare

A Sebi board meeting on Thursday (September 24) is likely to consider a wide set of capital-market reforms at its meeting with changes to portfolio management services, settlement rules, accredited investors, commodity derivatives and REIT-InvIT fundraising.The board may take up around a dozen proposals, according to reports, many of which have already gone through the consultation route. The agenda comes at a time when the regulator is trying to widen market participation, reduce regulatory friction and deepen long-term capital pools, while keeping investor protection safeguards intact.PMS overhaul in focusOne of the biggest proposals before the board is a revamp of Portfolio Management Services regulations. Sebi has proposed several changes to the PMS framework, including allowing discretionary portfolio managers to invest in pre-IPO securities and unlisted debt. Portfolio managers may also be allowed to invest in overseas markets.A new MF-PMS category is also proposed. This would al