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  • MF News SEBI to ensure ease of doing business for registered investment advisers

    SEBI to ensure ease of doing business for registered investment advisers

    SEBI Chief Madhabi Puri Buch believes that this will grow the number of registered investment advisors.
    Nishant Patnaik & Kushan Shah Aug 2, 2024

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    SEBI Chief Madhabi Puri Buch said that the market regulator is working on facilitating ease of doing business for registered investment advisers and research analysts and will release a consultation paper soon in this regard.

    Madhabi feels that the aim is to increase the number of registered investment advisers in the industry. She was speaking at a recent event held at NSE in Mumbai.

    Buch also added that SEBI is developing a performance validation agency that will certify any claims made by registered intermediaries. This will address the issue of false claim made on online platforms related to performance and profits made by investment in mutual funds, said the SEBI chief.

    Buch also said SEBI will soon bring regulation in which it will restrict registered intermediaries from working with any unregistered financial influencers on social media platforms.

    Recently, SEBI has directed the market intermediaries which include mutual fund companies and their distributors and registered investment advisors not to engage with finfluencers directly or indirectly.

    SEBI defined finfluencer as a person who provides unsolicited advice or recommendation or makes any implicit or explicit claim of returns and performance with respect to securities market products.

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