SEBI To Review Portfolio Managed Services Regulations: Tuhin Kanta Pandey

The Securities and Exchange Board of India (SEBI) is set to revisit regulations governing Portfolio Managed Services (PMS) following concerns raised by stock brokers. Tuhin Kanta Pandey, a senior official at SEBI, indicated that the review is prompted by representations from the brokerage community, particularly in light of recent changes to lending guidelines by the Reserve Bank of India (RBI). These changes have reportedly created complications for brokers, impacting their operational capabilities in managing client portfolios effectively. The review aims to address these challenges and ensure that the regulatory framework remains conducive to the evolving financial landscape. SEBI's proactive approach reflects its commitment to balancing regulatory oversight with the operational needs of market participants, thereby fostering a stable and transparent investment environment. This move is particularly significant as it comes at a time when the demand for managed investment services is on the rise, necessitating a careful examination of the existing rules to support both investor protection and market growth.