Regulation 14 - Recognition of body or body corporate for administration and supervision of investment advisers - Securities and Exchange Board of India (Investment Advisers) Regulations 2013

1 [ Recognition of body or body corporate for administration and supervision of investment advisers. 14.(1) The Board may recognize a body or body corporate for the purpose of administration and supervision of investment advisers to such extent and on such terms and conditions as may be specified by the Board. (2) The Board may specify that no person shall act as an investment adviser unless such a person is enlisted with the recognized body or body corporate and in such an event, the provisions of these regulations and the specified provisions of the bye-laws or articles of such a body or body corporate shall apply to the investment adviser. ] ************* NOTES:- 1. Substituted vide Notification No. SEBI/LAD-NRO/GN/2024/169 dated 26-04-2024 before it was read as, Recognition of body or body corporate for regulation of investment advisers. 14. (1) The Board may recognize any body or body corporate for the purpose of regulating investment advisers. (2) The Board may, at the time of recognition of such body or body corporate, delegate administration and supervision of investment advisers to such body or body corporate on such terms and conditions as may be specified by the Board. (3) The Board may specify that no person shall act as an investment adviser unless he is a member of a recognized body or body corporate and in such event, provisions of these regulations and byelaws or articles of such body or body corporate shall apply mutatis mutandis to such investment advisers.