SEBI directs Portfolio Management Services to undertake 10% of total transactions in corporate bonds
Dec 13 2021
News Category: Regulatory Updates
Securities Exchange Board of India has asked portfolio management services (PMS) to undertake atleast 10% of their monthly secondary market trading in corporate bonds through the Request for Quote (RFQ) platform of stock exchanges. The action, according to SEBI, will increase liquidity on exchange platforms and improve transparency in PMS debt investments. The rule will come into effect from Apr 1, 2022.
