Sebi board clears PMS reforms; wider FPIs’ access to commodity derivatives

Mumbai, Sep 24 (PTI) Markets regulator Sebi board on Thursday approved various proposals, including a comprehensive overhaul of portfolio manager rules and allowing foreign portfolio investors (FPIs) to participate in physically settled, non-agricultural commodity derivative contracts. The board also cleared a proposal permitting portfolio managers to invest in initial public offerings (IPOs) and primary market […]