With an aim to crack its whip on investment advisers possibly indulging in unfair trade practices, watchdog SEBI is putting in place strict norms for them, including putting a ceiling on fees charged by them.
All investment advisers would need to register with SEBI [Securities and Exchange Board of India] after payment of required application and registration fees, while the market regulator eventually wants them to be regulated through an SRO [Self Regulatory Organisation] model.
While the proposals have been approved by SEBI’s board, they could be soon notified by the market regulator, a senior regulatory official said.
All investment advisers would need to register with SEBI [Securities and Exchange Board of India] after payment of required application and registration fees, while the market regulator eventually wants them to be regulated through an SRO [Self Regulatory Organisation] model.
While the proposals have been approved by SEBI’s board, they could be soon notified by the market regulator, a senior regulatory official said.