Markets watchdog SEBI, led by Chairman Tuhin Kanta Pandey, is initiating a broad review of Portfolio Management Services (PMS), Listing Obligations and Disclosure Requirements (LODR), and settlement systems. The consultation paper for public input might drop in June.
At the Portfolio Managers Conclave, Pandey placed investors front and center in PMS reforms. Improvements in disclosure have been notable, but dynamic market shifts and innovative products call for an updated regulatory approach.
LODR and settlement rules are also under the microscope. Pandey detailed SEBI’s push into AI-driven tools for live market surveillance, targeting irregularities for immediate redressal.
Working alongside RBI, SEBI is developing corporate bond indices for exchange trading, set to diversify and deepen the fixed-income landscape for investors.
Pandey signaled tweaks to trading funding regulations, with SEBI assessing RBI lending rules and offering recommendations. This paves the way for potentially rigorous margin and loan-against-shares guidelines.
As India’s economic engine propels it toward becoming the world’s third-biggest economy, rising investor influx demands agile regulation. SEBI’s blueprint ensures markets remain robust, transparent, and innovation-friendly.