SEBI Introduces ‘Centralized Fee Collection Mechanism’ for Investment Advisers and Research Analysts
- Blog|News|Company Law|
- < 1 minute
- By Taxmann
- |
- Last Updated on 17 September, 2024
Latest from Taxmann
Circular No. SEBI/HO/MIRSD/MIRSD-POD-1/P/CIR/2024/120, Dated: 13.09.2024
With the growing interest in the securities market, SEBI recognised the need for a mechanism to help investors verify that the fees are being paid to a registered Investment Adviser (IA) or Research Analyst (RA). In order to create a closed and transparent payment ecosystem, SEBI has introduced a ‘Centralized Fee Collection Mechanism for IA and RA’ to facilitate the collection of fees from their clients.
The mechanism has been co-created by BSE Limited with the help of other stakeholders. BSE Limited shall specify the operational framework for the mechanism on or before September 23, 2024, and make the mechanism operational from October 01, 2024.
Under this mechanism, clients shall pay fees to IAs/RAs through a designated platform/portal administered by a recognised Administration and Supervisory Body (ASB).
Though the mechanism is optional, ASB, in the interest of investors, must take steps to encourage clients and the registered IAs and RAs to avail of the services of this mechanism.
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
