Extension in timeline for compliance with qualification and experience requirements under Regulation 7(1) of SEBI (Investment Advisers) Regulations, 2013

Last updated: 18 October 2023

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The Securities and Exchange Board of India (SEBI) has extended the deadline for registered investment advisers to meet enhanced qualification and experience requirements. Originally set for September 30, 2023, the new compliance date is now September 30, 2025. This extension is in response to stakeholder feedback and the evolving investment advice landscape.

CIRCULAR SEBI/HO/MIRSD/MIRSD-PoD-2/P/CIR/2023/168 October 10, 2023 To All Registered Investment Advisers BSE Administration Supervision Limited Madam / Sir, Subject: Extension in timeline for compliance with qualification and experience requirements under Regulation 7(1) of SEBI (Investment Advisers) Regulations, 2013 1. Regulation 7 of SEBI (Investment Advisers) Regulations, 2013, as amended vide SEBI (Investment Advisers) (Amendment) Regulations, 2020, specifies the qualificat

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FAQ :

The deadline for compliance with the enhanced qualification and experience requirements under Regulation 7(1) of the SEBI (Investment Advisers) Regulations, 2013 has been extended to September 30, 2025.

The first proviso to Regulation 7(1) of the SEBI (Investment Advisers) Regulations, 2013 has been amended.

The extension is due to representations received from various stakeholders and the emerging landscape of the investment advice domain.

BSE Administration & Supervision Limited is directed to bring the provisions of this circular to the notice of its members and disseminate it on its website.

This circular is available on the SEBI website (www.sebi.gov.in) under the categories 'Legal  Circulars' and 'Info for  Investment Advisers'.