GENERAL24 Sept 2026
Sebi board allows FPI access in non-farm goods, approves revamp of PMS, settlement rules | Stock Market News
Sebi's board has opened physically-settled non-agriculture commodity derivatives to foreign portfolio investors, or FPIs. It also reworked portfolio management services (PMS) rules, letting firms run mutual-fund-only schemes and invest in unlisted debt and overseas assets. Settlement rules were eased too, so smaller cases move faster. If you use an FPI or PMS route, expect more options and quicker, cheaper settlements.
Key Statutory Highlights
- Sebi's board allowed foreign portfolio investors to trade in physically-settled non-agriculture commodity derivatives, but they must square off positions before the tender or staggered delivery period.
- Portfolio managers can now offer mutual-fund-only PMS schemes and, if discretionary, invest in investment-grade unlisted debt, listed foreign equities and overseas mutual funds.
- Settlement cases involving amounts up to ₹10 lakh will be fast-tracked and will not go to the High Powered Advisory Committee.
Actionable Advice for Taxpayers / Founders:If you invest through a PMS or hold commodity derivative positions, ask your advisor or broker how these changes may affect your existing portfolio before you act on them.
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
Share: