Seni's new norms for investment advisers

January 23, 2013 13:59

Sebi has notified norms that make it mandatory for investment advisers to register with the capital market regulator and also require them to disclose all issues that could result in conflict of interests, among others.

To ensure more transparency, the new regulations require investment advisers -- banks, non-banking financial companies (NBFCs) and corporates -- would have to segregate their investment advisory services from other activities.

Investment advisers also have to disclose the fee received for their advice on a particular financial product.

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