SEBI has extended the deadline to submit comments and suggestions on the consultation paper on the proposed amendments to the SEBI (Investment Advisors) Regulations. All stakeholders – fund houses, distributors and investors – can now send their comments to SEBI by July 31.
Earlier, SEBI floated a consultation paper in which it has proposed to segregate fee-based advisors and distributors who receive commission from AMCs. The market regulator had asked stakeholders to submit their feedback by July 14.
In a press release, SEBI said that the market regulator has decided to extend the timeline to submit comments and suggestions on the consultation paper based on the representations received from various bodies and associations.
Last month, SEBI Chief Ajay Tyagi said that the market regulator is open to receive new ideas from all stakeholders on the consultation paper on investment advisors. The SEBI Chief said that the proposals are under consideration and nothing has been finalised yet. “Nothing has been finalised on the proposals that the market regulator has made on the consultation paper on investment advisors. I request all stakeholders to kindly give their valuable feedback before the stipulated date,” he said.
You can email your feedback to sebiria@sebi.gov.in or send it by post to Deputy General Manager, Investment Management Department, SEBI, SEBI Bhavan, Plot No. C4-A, G Block, BKC, Mumbai – 400051.
