The guidelines on amendments to Investment Advisers regulations were finally out on September 23, 2020. SEBI went ahead with much of what was already mentioned in the last consultation paper for RIAs.
Now, its time to be serious… Serious about the increased compliance requirements.
As of April 1, 2021, the requirement of segregation of the clients, keeping a signed agreement on record, charging of fees only through modes specified by SEBI along with limits, become applicable. Other requirements in the guidelines have already become applicable.
Are you clear with SEBI’s requirements and expectations?
If you are not, I am sharing with you my top 5 articles to help you get a better sense of these compliances:
#1 – Guidelines issued by SEBI for RIA
Check if you have complied with guidelines. Click here.
#2 – Amendment to RIA regulations
Check if you have complied with all the amendments. Click here.
#3 – Enhanced qualification requirements
The existing individual investment advisers, the principal officers along with the persons associated with investment advice have to fulfil the qualification and certification requirements.
Have you started with the preparation? Click here.
#4 – Measures to strengthen conduct of RIAs
In December 2019, SEBI issued a circular containing mandatory measures for conduct of all IAs. Are you aware of these measures? Click here.
#5 – Compliance audit
With the submission of the audit report, the compliance audit has to be taken very seriously. Are you ready for the compliance audit? Click here.
And last but not the least….
I invite you to my webinar, where I discuss all things compliance and how you, as an adviser, can understand and comply with the most important requirements.
I am doing this webinar on “The Top 5 Compliance Requirements for Investment Advisers” on Saturday, April 10, 2021.
The webinar is free of cost. I think you shouldn’t miss it.
The more advisers I talk to, the more I realise the burden of compliance and how thinly stretched one feels with trying to grow a practice.
So, if you think this post can benefit anyone, please do share it forward.
See you at the webinar.