SEBI directs Investment Advisors & Research Analysts to Display their Information in Advertisements
- News|Blog|Company Law|
- < 1 minute
- By Taxmann
- |
- Last Updated on 10 April, 2023
Latest from Taxmann
Circular no. SEBI/HO/MIRSD/ MIRSD-PoD-2/P/CIR/2023/52; dated: 06-04-2023
The SEBI observed that some investment advisers and research analysts are using the brand name/trade name/logo more prominently in their advertisements, websites, publications, correspondences with clients and various documents while marketing their services rather than their name as registered with SEBI.
This may mislead and create confusion in the minds of the investors as the brand name/trade name/logo may or may not be related to the name of Investment Advisors (IA)/Research Analysts (RA) as registered with SEBI.
In order to ensure transparency in such usage of brand name/trade name/logo, SEBI has asked Investment Advisers (IAs) and Research Analysts (RAs) to prominently display information such as the name as registered with SEBI, its logo, its registration number, the name, telephone number and e-mail address, of the compliance officer and grievance officer etc.
Additionally, IAs and RAs are required to give a disclaimer in their advertisements that “registration granted by SEBI, membership of BASL (in case of IAs) and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors”
These provisions shall be applicable from 01.05.2023.
Click Here To Read The Full Circular
Disclaimer: The content/information published on the website is only for general information of the user and shall not be construed as legal advice. While the Taxmann has exercised reasonable efforts to ensure the veracity of information/content published, Taxmann shall be under no liability in any manner whatsoever for incorrect information, if any.
Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.
The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:
- The statutory material is obtained only from the authorized and reliable sources
- All the latest developments in the judicial and legislative fields are covered
- Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications
- Every content published by Taxmann is complete, accurate and lucid
- All evidence-based statements are supported with proper reference to Section, Circular No., Notification No. or citations
- The golden rules of grammar, style and consistency are thoroughly followed
- Font and size that’s easy to read and remain consistent across all imprint and digital publications are applied
Sign Up
To subscribe to our weekly newsletter please log in/register on Taxmann.com
Latest Books
Everything on Tax and Corporate Laws of India
To subscribe to our weekly newsletter please log in/register on Taxmann.com
CA | CS | CMA
