SEBI amends Investment Advisers Regulations 2013, updates compliance timeframe under Regulation 7 for investment advisers. Effective September 30.

The Securities and Exchange Board of India (SEBI) has issued an amendment to the Investment Advisers Regulations, 2013, effective from September 30, 2023. The amendment modifies regulation 7, sub-regulation (1), by inserting and substituting specific words to clarify the compliance requirements for investment advisers. The duration for compliance, previously set at three years, is now subject to a timeframe specified by SEBI. This amendment is part of a series of updates to the original 2013 regulations, which have been periodically revised to address various regulatory aspects.

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