SEBI notifies PMS rules; broadens investment avenue for portfolio managers, introduces PRIM route

India’s securities market regulator, SEBI, has notified rules governing portfolio management services. The move broadens the investment avenue available to portfolio managers and introduces a route identified as PRIM.

What has changed

The notification covers portfolio management services and adds the PRIM route to the regulatory framework. The development gives portfolio managers a broader avenue for investment activity under the notified rules.

Why it matters

Portfolio managers operate within a regulated investment framework. By notifying the PMS rules and introducing PRIM, SEBI has expanded the framework available to the sector. The notification is therefore relevant to portfolio managers and others tracking changes in investment regulation.

Further details on the operation, eligibility requirements or implementation of the PRIM route were not provided in the available information.