Sebi cancels registration of 18 investment advisers for fee non-payment

Sebi cancels registration of 18 investment advisers for fee non-payment

Markets regulator Sebi on Wednesday cancelled the registration of 18 investment advisers for failing to pay renewal fees, a statutory requirement under its regulations. “…of the intermediaries regulations, 2008, hereby cancel the certificate of registration of investment adviser of the noticee No 1 to 18,” Sebi’s General Manager Soma Majumder said in the order. The … Read more

Sebi proposes allowing investment advisers, analysts to use liquid MFs for deposit requirements

Sebi proposes allowing investment advisers, analysts to use liquid MFs for deposit requirements

Markets watchdog Sebi on Friday proposed allowing investment advisers and research analysts to use liquid mutual fund units, with a lien marked in favour of the regulatory body, to meet their deposit requirements. This would be in addition to the option to maintain the deposit with the bank. Under the Sebi rules, investment advisers (IAs) … Read more