On 21 January, the Securities and Exchange Board of India (SEBI) notified the SEBI (Investment Advisers) Regulations, 2013 (IA Regulations). These regulations have been introduced with a view to regulate the work of investment advisers keeping in mind the rapidly growing Indian asset management and financial advisory industry.
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The legislative and regulatory update is compiled by Nishith Desai Associates, a Mumbai-based law firm. The authors can be contacted at nishith@nishithdesai.com. Readers should not act on the basis of this information without seeking professional legal advice.
