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TMI BlogSecurities and Exchange Board of India (Intermediaries) (Amendment) Regulations, 2024.X X X X Extracts X X X X X X X X Extracts X X X X ..... e Board of India (Intermediaries) (Amendment) Regulations, 2024. 2. They shall come into force on the date of their publication in the Official Gazette. 3. In the Securities and Exchange Board of India (Intermediaries) Regulations, 2008 , after Chapter III and before Chapter IV , the following Chapter shall be inserted, namely, - CHAPTER IIIA RESTRICTION IN DEALING WITH OTHER ENTITIES Restriction in having association with certain persons 16A. (1) No person regulated by the Board or the agent of such a person shall have any direct or indirect association, with another person who- (i) provides advice or any recommendation, directly or indirectly, in respect of or related to a security or securities, unless the person is registered with or ot ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Board, which has a mechanism in place to take preventive as well as curative action, to the satisfaction of the Board, to ensure that such a platform is not used for indulging in any activity as referred to in clause (i) or (ii) of sub-regulation (1). Explanation 4 . For the removal of doubts, it is clarified that the term another person in this regulation shall not include a person who is engaged in investor education, provided that such a person does not, directly or indirectly, indulge in any activity as referred to in clause (i) or (ii) of sub-regulation (1) without the necessary permission. 16B. The Board may, in case of violation of any of the provisions of Regulation 16A, take such action as it may deem fit including action under Cha ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (Amendment) Regulations, 2021, vide notification no. SEBI/LAD-NRO/GN/2021/07. h) May 5, 2021, by the Securities and Exchange Board of India (Intermediaries) (Second Amendment) Regulations, 2021,vide notification no. SEBI/LAD-NRO/GN/2021/20. i) August 3, 2021, by the Securities and Exchange Board of India (Regulatory Sandbox) (Amendment) Regulations, 2021, vide notification no. SEBI/LAD-NRO/GN/2021/30. j) November 17, 2021,by the Securities and Exchange Board of India (Intermediaries) (Third Amendment) Regulations, 2021, vide notification no. SEBI/LAD-NRO/GN/2021/59. k) August 1, 2022, by the Securities and Exchange Board of India (Intermediaries) (Amendment) Regulations, 2022, vide notification no. SEBI/LAD-NRO/GN/2022/91. - Notification ..... X X X X Extracts X X X X X X X X Extracts X X X X
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