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Corporate Laws Central Ministry of Finance Securities and Exchange Board of India Act, 1992

BSE - Reiteration of SEBI Master Circular for Investment Advisers

06-Feb-2026 | 20260206-34

BSE reiterated the SEBI Master Circular for Investment Advisers to incorporate the provisions of the circulars specified in the Appendix.

Key Highlights of the Master Circular are as follows:

1. The Investment Advisers are required to maintain the deposit in the form of units of a liquid mutual fund or an overnight mutual fund or as a deposit maintained with a scheduled bank in accordance with the maximum number of clients as provided in the table in Para 1(iv)(a) of this Master Circular.

2. A non-individual investment adviser may appoint an independent professional who is a member of ICAI, ICSI or ICMAI or a member of any other professional body and holds a valid certification from NISM.

3. The list of information to be displayed on the website, mobile app, printed or electronic materials, know your client forms, and client agreements has been provided in Para 1(xvii).

4. The Investment Advisers give investment advice after completing risk profiling of the client and ensuring the suitability of the product without providing them on any free trial basis.

5. The List of Circular/Notifications has been provided in the Appendix to this Master Circular.

Kindly refer to the attached document for more information.

Upgrade to paid version to access the Notification, Circular & Rules along with the checklist

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