CS Tanveer Singh Saluja
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.
|
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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