SEBI Amends Intermediaries Regulations | Bars Intermediaries from Associating with Unregistered Security Advisors

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  • Last Updated on 31 August, 2024

Intermediaries Regulations

Notification No. SEBI/LAD-NRO/GN/2024/201, Dated: 26.08.2024

SEBI has notified SEBI (Intermediaries) (Amendment) Regulations, 2024. A new chapter, IIIA, regarding restrictions on dealing with other entities has been introduced. It states that a person regulated by the Board or agent of such a person must not have any direct or indirect association with another person who provides advice or recommendation directly or indirectly in respect of a security unless a person is registered with or permitted by the Board to provide such advice or recommendation.

Further, no claim of returns or performance, whether express or implied, in respect of or related to a security or securities must be made unless the Board has permitted the person to make such a claim.

Click Here To Read The Full Notification

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