With growing awareness about Investment Advisers, several advisory firms and individuals are moving in this direction. In fact, SEBI’s third consultation paper on proposed amendments to SEBI (Investment Advisers) Regulations, 2013 gives more clear picture of role and responsibilities of RIA.
RIA is not just a tag, or just a license to go out and get business. As soon as you become an RIA, there are duties, responsibilities and compliance related to the regulation that you need to take care of.
There is a whole list of things that SEBI expects you to adhere to and comply with. Advisers are missing out on doing basic compliance of risk profiling or even KYC of their clients.
Are you aware of the compliance requirements under the regulations?
It is important that you start paying attention to compliance from now itself else over the long term, these lapses will come to haunt you back.
A foundation of compliance laid today will serve you well when you scale up. The processes that you set today will become talking points to your clients and help you grow your business.
And of course, you will be saved from SEBI’s wrath.
You must be aware that the Finance Act 2018 has given more powers to SEBI to levy penalty for non-compliance. The penalty on Investment Advisers for non-compliance of the regulations can go upto Rs. 1 crore.
Are you sure you are compliant with the regulations?
If not, here is an opportunity to know more about compliance of SEBI (Investment Advisers) Regulations, 2013.
As a reminder, I am conducting a workshop at Mumbai on May 11, 2018 for Investment Advisers on how to take care of this important part of your business. Click here for more details.
Click here to register for the workshop
I am conducting a webinar (an online workshop) on compliance of SEBI (Investment Advisers) Regulations, 2013 on May 12, 2018 for all those who cannot attend my workshop in Mumbai. Click here for more details.
Click here to register for the webinar
There are limited seats! So book now!
Remember, the cost of non-compliance is much higher than the cost of compliance.
If you have any queries, you can write to me at kruti@cskruti.com.