SEBI Mandates a Non-individual Investment Adviser to Obtain Annual Compliance Certificate for Client-level Segregation

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Last Updated on 28 October, 2024

Circular No. SEBI/HO/MIRSD/MIRSD-PoD1/P/CIR/2024/147; Dated: 25.10.2024

SEBI has decided to allow a non-individual Investment Adviser (IA) to obtain an annual compliance certificate from an auditor confirming compliance with client-level segregation. Regulation 22 of SEBI (IA) Regulations, 2013, specifies that a non-individual IA must have client-level segregation at the group level for investment advisory & distribution services. This is a step towards ease of doing business and in terms of recommendations of working groups for review of compliance requirements for IAs.

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