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SEBI and the Association of Portfolio Managers in India (APMI) have launched an online portal called Portal for Alerts and Reporting Analytics for SEBI (PARAS) that can ensure better regulatory compliance and seamless communication between the regulator and the PMS players.
The platform features an alert module, which allows SEBI to raise alerts to which the principle officer of the PMS can view, respond and upload documents. Email reminders can also be sent through PARAS if any PMSs miss any regulatory deadlines.
The platform also features a Compliance Test Report (CTR) feature that allows Portfolio managers to submit quarterly compliance reports to SEBI.
The portal can be access through this link
