Relaxation of provision of advance fee restrictions in case of Investment Advisers and Research Analysts

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..... nd Research Analyst - IAASB and RAASB) Sir / Madam, Sub: Relaxation of provision of advance fee restrictions in case of Investment Advisers and Research Analysts 1. Pursuant to the changes in SEBI (Research Analysts) Regulations, 2014 in December 2024, Securities and Exchange Board of India (SEBI), received representations regarding the restriction on advance fee for three months only which wa .....

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..... ted provisions such as fee limit, modes of payment of fees, refund of fees, advance fee, breakage fees shall only be applicable in case of their individual and Hindu Undivided Family (HUF) clients (provided these clients are not accredited investors). These provisions shall not be applicable in case of non-individual clients, accredited investors, and in case of institutional investors seeking rec .....

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