SEBI Plans Review of PMS Regulations to Ease Compliance and Reassess Investment Threshold

The Securities and Exchange Board of India (SEBI) is preparing to review and potentially revise the Portfolio Management Services (PMS) Regulations, 2020, aiming to reduce compliance burdens and reassess the minimum investment threshold of ₹50 lakh. Industry experts suggest streamlining reporting requirements, enabling fully digital onboarding for NRIs, and considering a unified certification framework for distributors across PMS, AIF, and mutual funds, though some advocate retaining product-specific exams. A consultation paper is expected by June 2026 to address these updates in line with evolving market dynamics.