GENERAL18 Sept 2026
Sebi board may discuss PMS, ad code, settlement rules at 24 September meet
Sebi's board meets on 24 September to weigh a rewrite of portfolio management services (PMS) rules, a common advertisement code, and changes to settlement rules. PMS, where managers run custom portfolios from ₹50 lakh, may soon offer mutual-fund-only schemes and unlisted securities. Foreign investors may also get wider access to commodity derivatives. If you use a PMS, wait for the final rules before shifting strategy.
Key Statutory Highlights
- Sebi's board is likely to discuss an overhaul of portfolio management services rules, a common advertisement code and changes to settlement regulations at its meeting on 24 September.
- A July consultation paper proposed mutual-fund-only PMS schemes and letting portfolio managers invest client money in securities that are not yet listed.
- The board may also consider allowing foreign portfolio investors to take part in non-agricultural index derivatives.
Actionable Advice for Taxpayers / Founders:If you invest through a portfolio management service, treat these as proposals only for now. Wait for Sebi's final rules or circular, then check with your adviser before changing your portfolio.
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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