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

Securities and Exchange Board of India (Investment Advisers) (Amendment) Regulations, 2023

09-Oct-2023 | SEBI/LAD-NRO/GN/2023/154

Securities and Exchange Board of India (SEBI) has introduced amendments to the SEBI (Investment Advisers) Regulations, 2013, effective from September 30, 2023.

The key amendment pertains to Regulation 7, which concerns the qualification and experience requirements for individuals and officers associated with investment advice.

Prior to this amendment, investment advisers were granted a three-year period to ensure compliance with the specified qualification and experience requirements. However, the amendment now mandates that investment advisers registered under these regulations, along with individuals and principal officers associated with investment advice, must meet these requirements within a timeframe specified by the Board.

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