GENERAL24 Sept 2026
Sebi approves reforms to PMS regulations, settlement proceedings
Sebi has approved reforms to its portfolio management services (PMS) rules and to how settlement proceedings work. Foreign portfolio investors (FPIs) can now take part in non-agricultural commodity derivatives, and a common advertisement code will apply. Sebi also cleared settlements in cases of misrepresented financial statements or diverted funds. If you run a PMS or invest through one, watch for the detailed circular before changing anything.
Key Statutory Highlights
- Sebi has approved reforms to the regulations that govern portfolio management services.
- Foreign portfolio investors will now be allowed to participate in non-agricultural commodity derivatives, along with a common advertisement code.
- Sebi also approved changes to provide for settlement of cases involving misrepresentation of financial statements or diversion of funds.
Actionable Advice for Taxpayers / Founders:If you run a PMS or invest through one, wait for Sebi's detailed circular and check with your adviser before changing your arrangements, since the fine print is not out yet.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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