Client level segregation of advisory and distribution activities.

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..... ndividual investment adviser shall not provide distribution services to the client advised by the individual investment adviser and no individual investment adviser shall provide advice to a client who is receiving distribution services from other family members. (3) A non-individual investment adviser shall have client level segregation at group level for investment advisory and distribution serv .....

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..... est of a non-individual investment adviser. (4) Non-individual investment adviser shall maintain an arm s length relationship between its activities as investment adviser and distributor by providing advisory services through a separately identifiable department or division. (5) Compliance and monitoring process for client segregation at group or family level shall be in accordance with the guidel .....

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