SEBI registered investment adviser can’t provide services of creating or rebalancing ‘basket of foreign securities’, clarifies SEBI

The securities market regulator, SEBI in an interpretative letter as clarified that services of creation or rebalancing of foreign stacks by a SEBI registered Investment adviser doesn’t come under purview of SEBI (Investment advisers) regulations, and therefore, can’t provide services of an creating or rebalancing of stacks in capacity of an Investment adviser.The securities market regulator, SEBI in an interpretative letter as clarified that services of creation or rebalancing of foreign stacks by a SEBI registered Investment adviser doesn’t come under purview of SEBI (Investment advisers) regulations, and therefore, can’t provide services of an creating or rebalancing of stacks in capacity of an Investment adviser.taxmann.com Latest Statutory HappeningsRead More

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