Sebi Proposes Comprehensive Review of Portfolio Managers Regulations Amid Industry Growth

Sebi Chairman Tuhin Kanta Pandey announced a comprehensive review of the Portfolio Managers Regulations, 2020, aiming to enhance governance, investor protection, and adaptability to evolving market dynamics. The PMS industry has grown rapidly, with assets doubling to Rs 10.5 lakh crore and client numbers rising nearly 50% since 2022. Sebi plans to issue a consultation paper by June 2026 and emphasizes strong internal controls, investor suitability, and technology use, including AI for market oversight. The regulator will also consider brokers' concerns on RBI's new capital market funding rules.