The Securities and Exchange Board of India (SEBI) has introduced the Securities and Exchange Board of India (Investment Advisers) (Second Amendment) Regulations, 2021. These amendments, effective from their publication in the Official Gazette, update the qualification criteria for investment advisers. Specifically, Regulation 7 has been modified to include a broader range of recognised professional qualifications.
The Securities and Exchange Board of Indiamakes regulations to further amend the Securities and Exchange Board of India (Investment Advisers) Regulations, 2013 and have released theSecurities and Exchange Board of India (Investment Advisers) (Second Amendment) Regulations, 2021. Read the official no
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FAQ :
These are new regulations issued by the Securities and Exchange Board of India to further amend the existing SEBI (Investment Advisers) Regulations, 2013.
The regulations come into force on the date of their publication in the Official Gazette.
The amendments primarily update the professional qualification requirements for individuals acting as investment advisers under Regulation 7.
Accepted qualifications include a professional qualification, post-graduate degree, or diploma (minimum two years) in finance, accountancy, business management, commerce, economics, capital market, banking, insurance, or actuarial science from a recognised institution. Additionally, a Post Graduate Program in Securities Market (Investment Advisory) from NISM (minimum one year) or a CFA Charter from the CFA Institute are also recognised.
Clause (a) of sub-regulation (1) of regulation 7 has been substituted with the new qualification criteria.