{
  "id": 9584482,
  "title": "SEBI board clears comprehensive overhaul of PMS, settlement rules",
  "url": "https://urgent.news/2026/09/24/sebi-board-clears-comprehensive-overhaul-of-pms-settlement-rules",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-24T16:33:21.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/sebi-board-clears-comprehensive-overhaul-of-pms-settlement-rules/article71505260.ece"
  },
  "original_language": "en",
  "account": "The Securities and Exchange Board of India (SEBI) approved a comprehensive overhaul of portfolio management services (PMS) and settlement rules on Thursday. This change will allow portfolio managers to invest in IPOs, primary debt issuances, and exchange-traded derivatives up to certain percentages of clients' assets. A new framework for investing in mutual fund units directly will also be introduced, with a minimum investment of ₹25 lakh. SEBI will also permit foreign portfolio investors (FPIs) in non-agricultural index and commodity derivatives, with a requirement to exit positions before delivery obligations arise. The board also revamped settlement proceedings, introducing a pre-show-cause settlement notice with a 60-day application window.",
  "summary": "Board opens commodity derivatives to FPIs, clears common ad code; regulator gets 3,500 comments on CAS review",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "The Economic Times - Top News",
        "title": "Sebi board meeting: PMS rules overhaul, FPI commodity trades among key decisions to watch out",
        "url": "https://urgent.news/2026/09/24/sebi-board-meeting-pms-rules-overhaul-fpi-commodity-trades-among-key",
        "published": "2026-09-24T06:42:34.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}