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Informist, Monday, Sept. 30, 2024

--SEBI relaxes norms for investment advisers, research analysts 

MUMBAI – The Securities and Exchange Board of India Monday approved the proposal to relax the regulatory framework for investment advisers and research analysts. The proposed changes are expected to simplify, ease, and reduce the requirements of compliance for investment advisers and research analysts, it said in a press release.

One of the relaxations approved by SEBI includes reducing the minimum qualifications for investment advisers and research analysts to a graduate degree in specific fields. There shall be no requirement of experience for registration as investment advisers and research analysts, it said. However, they will be required to have basic certifications at the time of registration. 

Further, applicants engaged in other business activities and employment shall be allowed to seek registration as part-time investment advisers or part-time research analysts. They will be required to ensure there is no conflict of interest between such designations and their full-time business activities, the regulator said. 

For investment advisers, the requirement for corporatisation will be 300 clients, compared to the existing threshold of 150 clients, or fee collection worth INR 300 million during the financial year, whichever comes earlier.  End

Reported by Anjana Therese Antony

Edited by Deepshikha Bhardwaj

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