SEBI regulations effective August 29, 2024, prohibit regulated ...

SEBI Bans Regulated Entities From Partnering With Unregistered Investment Advisors Under Section 11B, Effective August 2024

January 30, 2025

Circulars SEBI

SEBI regulations effective August 29, 2024, prohibit regulated entities and their agents from associating with unregistered persons providing securities advice or making performance claims. Association encompasses monetary transactions, client referrals, IT system interactions, or similar arrangements. Regulated entities must ensure compliance within their association scope and terminate existing non-compliant contracts. Exceptions apply for pure investor education activities without specific security recommendations. Violations may result in penalties, registration suspension/cancellation, or debarment under SEBI Act Section 11B. The regulations apply to all SEBI-registered intermediaries, recognized exchanges, clearing corporations, depositories, and their agents including MFDs, APs, PMS and AIF distributors. Professional services like demat accounts remain permissible if not used for prohibited activities.

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SEBI regulations effective August 29, 2024, prohibit regulated ...

SEBI Bans Regulated Entities From Partnering With Unregistered Investment Advisors Under Section 11B, Effective August 2024

January 30, 2025

Circulars SEBI

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