SEBI is gearing up for a major regulatory refresh targeting Portfolio Management Services (PMS), LODR regulations, and settlement procedures, as announced by Chairman Tuhin Kanta Pandey during the Portfolio Managers Conclave on Monday. A public consultation document is slated for release in June.
Pandey underscored that investor interests drive PMS regulations. Transparency levels have risen, but shifting market landscapes and fresh product launches make revisiting the rules essential for sustained efficacy.
This initiative will simultaneously address LODR and settlement guidelines. Pandey spotlighted AI’s potential in real-time anomaly detection across markets, promising faster resolution of issues and heightened oversight.
Teaming up with RBI, SEBI aims to launch exchange-traded corporate bond indices, enhancing liquidity and accessibility in the bond market for a broader investor base.
The chairman indicated forthcoming adjustments to trading-related funding, involving a scrutiny of RBI’s lending framework with collaborative feedback. Expect possible reinforcements in margin trading and securities-backed lending norms.
India’s trajectory as the fastest-growing economy, en route to third-largest status, will amplify investor numbers. SEBI’s strategic reviews position the regulator to nurture a resilient, tech-savvy market ecosystem amid this growth.