SEBI (Investment Advisers) (Third Amendment) Regulations, 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.
|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.
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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