Considering the growing number of registered investment advisers, the SEBI has decided to recognize a wholly-owned subsidiary of the stock exchange (stock exchange subsidiary) to administer and supervise Investment Advisers (IAs) registered with SEBI. The recognition of stock exchange subsidiary shall be based on the eligibility of the parent entity, i.e. the stock exchange subject to specified eligibility criteria.Considering the growing number of registered investment advisers, the SEBI has decided to recognize a wholly-owned subsidiary of the stock exchange (stock exchange subsidiary) to administer and supervise Investment Advisers (IAs) registered with SEBI. The recognition of stock exchange subsidiary shall be based on the eligibility of the parent entity, i.e. the stock exchange subject to specified eligibility criteria.taxmann.com Latest Statutory HappeningsRead More
