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The SEBI has notified a new set of regulations to amend the existing SEBI (Investment Advisers) Regulations, 2013 which shall come into force as on the date of its publication in the Official Gazette.

Analysis: SEBI (Investment Advisers) (Third Amendment) Regulations, 2021

Sr. No.

Amendment

Effect

1

Substitution: Regulation 2(1)

clause (aa) shall be numbered as clause (ac).

-

2

Insertion: after Regulation 2(1)(a)

(aa) 'accreditation agency' shall have the same meaning as assigned to it in clause (aa) of sub-regulation (1) of regulation 2 of the Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012;

(ab) 'accredited investor' shall have the same meaning as assigned to it in clause (ab) of sub-regulation (1) of regulation 2 of the Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012.

The definition of accreditation agency and accredited investor is added by the Board.

3

Insertion: Regulation 15A

after the word 'client' and before the word 'in', the words and symbol, 'including an accredited investor' shall be inserted.

Amended Regulation:

15A. Investment Adviser shall be entitled to charge fees for providing investment advice from a client including an accredited investor in the manner as specified by the Board.

Disclaimer: The author is based in Jabalpur and is a Practicing Company Secretary dealing in Corporate, Legal & Taxation services. The information contained in this write up, as provided by the author, is to provide a general guidance to the intended user. The information should not be used as a substitute for specific consultations. Author recommends that professional advice is sought before taking any action on specific issues.

 
 

The author can also be reached at cstanveersaluja@gmail.com.

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