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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, 2024

26-Apr-2024 | No. SEBI/LAD-NRO/GN/2024/169

SEBI has issued Securities and Exchange Board of India (Investment Advisers) (Amendment) Regulations, 2024 further amend the Securities and Exchange Board of India (Investment Advisers) Regulations, 2013.

By virtue of this notification following amendment has been issued :-

1. Regulation 6(n) has been substituted. As per the revised provision, if applicant is enlisted with a body or body corporate recognised under regulation 14 then existing investment advisers shall be deemed to be enlisted with such a body or body corporate from the date of recognition of such body or body corporate and those applicant whose application is received before the date of recognition of the body or body corporate and who is granted the certificate after the date of recognition of such body or body corporate shall also be deemed to be enlisted with such a body or body corporate.

2. Regulation 14 has been substituted. As per the revised provision, no person shall act as an investment adviser unless such a person is enlisted with the recognized body or body corporate.

3. After regulation 30, regulation 30A shall be inserted - Any action taken against any person in relation to the membership of the body or body corporate recognized under regulation 14 shall be deemed to have been done under these regulations.

For detailed information, please refer to the attached document.

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