(A) Annual Compliance Certificate for Client Level Segregation by nonindividual Investment Advisers; (B) Timeline for submission of periodic reports

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..... Madam / Sir, Sub: (A) Annual Compliance Certificate for Client Level Segregation by nonindividual Investment Advisers; (B) Timeline for submission of periodic reports (A) Annual Compliance Certificate for Client Level Segregation by nonindividual Investment Advisers 1. SEBI, vide Circular no. SEBI/HO/IMD/DF1/CIR/P/2020/182 dated September 23, 2020 and Master Circular for Investment Advisers dated .....

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..... f the Master Circular shall stand modified as under: 1.2. (i) Client Level Segregation of Advisory and Distribution Activities (i) The IAs shall maintain on record an annual certificate from an auditor confirming compliance with the client level segregation requirements as specified in Regulation 22 of the IA Regulations. Such annual certificate shall be obtained within 6 months of the end of the .....

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..... all come into force with immediate effect. 6. IAASB is directed to: 6.1. bring the provisions of this circular to the notice of the investment advisers and also disseminate the same on its website; 6.2. make necessary amendments to the relevant Bye-laws, Guidelines, Standard Operating Procedures, Rules and Regulations for the implementation of the above decisions. 7. This circular is issued in exe .....

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