The Securities and Exchange Board of India (Sebi) on Friday notified the segregation of advisory and distribution activities at client level to avoid conflict of interest, as part of amendments to Sebi (Investment Advisers) Regulations, 2013. In a release late on Friday, the markets regulator said an individual will have the option to register as an investment adviser or provide distribution services as a distributor, while a non-individual investment adviser will have client-level segregation at group level for these services and maintain an arm’s length relationship between its activities by providing advisory services through a separately identifiable department or division.
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