Compliance & Regulation

Indian securities watchdog consults on new investment advisory norms

The Securities and Exchange Board of India (SEBI) has proposed to amend its guidelines relating to investment advisers needing to segregate their advisory and distribution functions.

At the same time, the regulator is proposing that it controls the ranking of mutual fund schemes going forward.

Further, SEBI is suggesting it relaxes the educational qualification for employees of registered investment advisers – to reduce the requirement for net worth and the registration fee.

The public can comment on the proposals until July 14.