The article discusses the key proposals highlighted by the SEBI in its consultation paper on the ease of doing business initiatives for portfolio managers. SEBI has addressed key aspects such as client understanding, documentation simplification, and distributor registration. The key proposals include:
‣ Portfolio Managers' responsibility in clarifying fee structure during onboarding process
‣ Providing clients with a standard 'Most Important Terms and Conditions' document
‣ Mandatory registration of PMS distributors with the Association of Portfolio Managers in India (APMI)
