No separate registration is required to render investment advice to general investors under IA regulation: SEBI

The SEBI in an interpretative letter issued to Sundaram Alternate Assets Limited under the informal guidance scheme has clarified that no separate registration is required to render investment advice to general investors under IA regulation. In addition, a portfolio manager registered under PMS regulation is also exempted from seeking registration as an investment adviser when it provides any incidental investment advice to its clients.The SEBI in an interpretative letter issued to Sundaram Alternate Assets Limited under the informal guidance scheme has clarified that no separate registration is required to render investment advice to general investors under IA regulation. In addition, a portfolio manager registered under PMS regulation is also exempted from seeking registration as an investment adviser when it provides any incidental investment advice to its clients.taxmann.com Latest Statutory HappeningsRead More

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