SEBI Extension of time for seeking membership of BSE Administration & Supervision Limited

Last updated: 01 September 2021

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The Securities and Exchange Board of India (SEBI) has extended the deadline for Investment Advisers (IAs) to become members of BSE Administration & Supervision Limited (BASL). Originally due by August 31, 2021, the new deadline is now October 31, 2021. This extension is in response to requests from IAs and aims to ensure compliance with regulations. Failure to obtain BASL membership by the new date may result in action against the IA's registration.

Securities and Exchange Board of India CIRCULAR SEBI/HO/IMD/IMD-I/DOF1/P/CIR/2021/622 August 31, 2021 To All Investment Advisers Dear Sir / Madam, Subject: Extension of time for seeking membership of BSE Administration Supervision Limited 1. SEBI in terms of Regulation 14 of

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FAQ :

The deadline for Investment Advisers to seek membership of BSE Administration & Supervision Limited (BASL) has been extended by two months, to October 31, 2021.

The deadline has been extended because BSE Administration & Supervision Limited (BASL) received representations from some existing Investment Advisers requesting more time to become members.

Existing Investment Advisers who do not seek membership of BASL by October 31, 2021, may face appropriate action, including the suspension or cancellation of their certificate of registration.

BASL, or BSE Administration & Supervision Limited, is a wholly owned subsidiary of BSE Limited, recognised by SEBI for the administration and supervision of Investment Advisers.

Investment Advisers are required to seek membership of BASL to ensure compliance with Regulation 6(n) of the SEBI (Investment Advisers) Regulations, 2013, and to keep their registration in force.