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.
![Analysis: SEBI (Investment Advisers) (Third Amendment) Regulations, 2021 Analysis: SEBI (Investment Advisers) (Third Amendment) Regulations, 2021](/img/preview/custom/20210221170219_taxpayer.jpg)
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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