SEBI NOTIFIES PMS AMENDMENTS

SEBI has amended the norms for portfolio management services (PMS), including asking portfolio managers to maintain an enhanced net worth of Rs. 2 crore from Rs. 50 lakh earlier and PMS to keep assets of their clients in different accounts. SEBI has also notified the SEBI (Stockbrokers and Sub-brokers) (amendment) regulations, 2008 to Include registration of trading and clearing members of
currency derivatives segment.