All exams GA
- SEBI approved changes to the Portfolio Management Services (PMS) regulatory framework.
- PMS providers will be allowed to invest client funds in direct mutual fund schemes and Specialised Investment Funds (SIFs) under the proposed framework.
- PMS can also invest up to 10% of client AUM in investment-grade unlisted debt, subject to conditions and client consent.
- SEBI also approved changes to settlement proceedings, including formula-based settlement amounts and a fast-track mechanism for certain violations.
