SEBI (Investment Advisers) (Third Amendment) Regulations, 2021
Notification No. SEBI/LAD-NRO/GN/2021/34 Dtd. 3rd August, 2021
The SEBI has notified a new set of regulations to amend the existing SEBI (Investment Advisers) Regulations, 2013 which shall come into force as on the date of its publication in the Official Gazette.
| Sr. No. | Amendment | Effect |
|---|---|---|
| 1 | Substitution: Regulation 2(1)
clause (aa) shall be numbered as clause (ac). |
– |
| 2 | Insertion: after Regulation 2(1)(a)
(aa) “accreditation agency” shall have the same meaning as assigned to it in clause (aa) of sub-regulation (1) of regulation 2 of the Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012; (ab) “accredited investor” shall have the same meaning as assigned to it in clause (ab) of sub-regulation (1) of regulation 2 of the Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012. |
The definition of accreditation agency and accredited investor is added by the Board. |
| 3 | Insertion: Regulation 15A
after the word “client” and before the word “in”, the words and symbol, “including an accredited investor” shall be inserted. |
Amended Regulation:
15A. Investment Adviser shall be entitled to charge fees for providing investment advice from a client including an accredited investor in the manner as specified by the Board. |
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