The stock market regulator SEBI has relaxed the rules for Investment Advisors – IAS and Research Analysts – RAS. The stock market regulator has also issued a new circular regarding this. According to the circular- Investment advisors and research analysts have been directly given relief. They can now send information about ‘most important terms and conditions’ to their current customers by email or any other digital medium, which can be preserved as records.
SEBI has made this change to address the concerns of investment advisors and research analysts to overcome the concerns of business related to business. Earlier it was necessary to confirm MITC from customers through physical or digital signature, causing many problems. Now SEBI has given relief in this rule and has allowed to send MITC through email or other digital means.
New rule of sebi
The new rule has been implemented on fees for investment advisors and research analysts. Under this, research analysts can charge advance fees for only 3 months. Investment advisors can charge advanced fees for 6 months.