28.09.2016 - Sebi reviews portfolio managers norms for commodity markets
Markets regultaor Sebi today said it is reviewing norms to allow portfolio managers in the commodity markets. The Securities and Exchange Board of India (Sebi) further said that currently Portfolio Manager Services (PMS) would not be permissible in the commodity markets. "Sebi is currently reviewing norms with regards to participation in commodity derivatives market," the regulator said in a circular adding "PMS currently would not be permissible in the commodity derivative market." The regulator has directed all commodity exchanges to treat a defaulter at any one of them as a defaulter on all the bourses..........................................Full Article: Source
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