Measures to strengthen the conduct of Investment Advisers (IA)

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..... tions) provides for code of conduct to be followed by IAs. In order to further strengthen the conduct of IAs, while providing investment advice and to protect the interest of investors seeking their advice, the IAs shall comply with the following: (i) Restriction on free trial As per SEBI (Investment Advisers) Regulations, 2013, investment advice can be given after completing risk profiling of .....

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..... ent of the client on completed risk profile either through registered email or physical document. (iii) Receiving fees though banking channel only It is observed that investment advisers are receiving advisory fee in the form of cash deposit in their bank accounts or through payment gateways which does not provide proper audit trail of fees received from the clients. To bring transparency in de .....

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..... at the end of the month Reasons for pendency 2. The measures as referred above shall come into effect from January 01, 2020. 3. This circular is issued in exercise of the powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992, to protect the interests of investors in securities and to promote the development of and to regulate the securities market. Yours .....

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