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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Disclaimer: The author is based in Jabalpur and is a Practicing Company Secretary dealing in Corporate, Legal & Taxation services. The information contained in this write up, as provided by the author, is to provide a general guidance to the intended user. The information should not be used as a substitute for specific consultations. Author recommends that professional advice is sought before taking any action on specific issues.

The author can also be reached at [email protected]

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