Sebi's investment advisory guidelines face resistance

United Forum, a forum of national and regional associations of distributors and independent financial advisors (IFAs), has opposed several of the proposed amendments to the Sebi (Investment Advisors) Regulations, 2013.
 
It has said the proposals would put 70-80 per cent of distributors out of business. The Securities and Exchange Board of India (Sebi) had issued a consultation paper last month in this regard, inviting comments by November 4. That deadline has since been extended to November 30.

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