P&H HC: Eyewitness Account Not Credible if Eyewitness Directly Identifies Accused in Court  ||  Delhi HC: Conditions u/s 45 PMLA Have to Give Way to Article 21 When Accused Incarcerated for Long  ||  Delhi High Court: Delhi Police to Add Grounds of Arrest in Arrest Memo  ||  Kerala High Court: Giving Seniority on the Basis of Rules is a Policy Decision  ||  Del. HC: Where Arbitrator has Taken Plausible View, Court Cannot Interfere u/s 34 of A&C Act  ||  Ker. HC: No Question of Estoppel Against Party Where Error is Committed by Court Itself  ||  Supreme Court: Revenue Entries are Admissible as Evidence of Possession  ||  SC: Mere Breakup of Relationship Between Consenting Couple Can’t Result in Criminal Proceedings  ||  SC: Bar u/s 195 CrPC Not Attracted Where Proceedings Initiated Pursuant to Judicial Order  ||  NTF Gives Comprehensive Suggestions on Enhancing Better Working Conditions of Medical Professions    

SEBI notifies Amendments to SEBI (Investment Advisers) Regulations, 2013 - (03 Jul 2020)

Capital Market

SEBI has notified amendments to SEBI (Investment Advisers) Regulations, 2013. Amendments are intended to strengthen the regulatory framework for investment advisers. SEBI had issued a Consultation Paper, in January 2020, on Review of Regulatory Framework for Investment Advisers, and sought comments from the public on the proposals. The key regulatory changes include segregation of Advisory & Distribution Activities at client level to avoid conflict of interest. An individual shall have the option to register as an Investment Adviser or provide distribution services as a distributor. A non-individual investment adviser shall have client level segregation at group level for investment advisory and distribution services and maintain an arm’s length relationship between its activities by providing advisory services through a separately identifiable department or division.

Further, Investment Advisers are allowed to provide implementation services (Execution) through direct schemes/ products in the securities market. However, no consideration can be received directly or indirectly, at investment adviser’s group or family level for these services. Mandatory agreement is to be entered between Investment Adviser and the client for ensuring greater transparency with reference to advisory activities.

The fee charged by the Investment Adviser for providing Investment Advice from a client shall be in the manner as specified by SEBI. Enhanced eligibility criteria for registration as an Investment Adviser includes net worth of Rs.50 lakhs for non-individuals and Rs.5 lakhs for individuals. Individuals registered as investment advisers whose number of clients exceed 150 in total, shall apply for registration with SEBI as non-individual investment adviser.

Tags : AMENDMENT   REGULATION   INVESTMENT ADVISERS  

Share :        

Disclaimer | Copyright 2024 - All Rights Reserved