SEBI Proposes New Regulations for Portfolio Management Services
· Business · Moneycontrol
The Securities and Exchange Board of India has proposed a new regulatory framework for Portfolio Management Services to enhance transparency and investor protection. The draft rules aim to streamline operations for managers handling high-net-worth individual portfolios. These changes are expected to alter the competitive landscape for firms currently managing large assets for affluent investors. The regulator seeks to align PMS standards with broader market practices to ensure uniform compliance across the industry. The proposal is currently open for public feedback to refine the final implementation guidelines.
Why it matters
These regulations will directly impact how portfolio managers operate and report performance, potentially increasing compliance costs while providing greater security for affluent investors.
Read the original report — Moneycontrol
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