The Securities Exchange Board of India (SEBI) has released a draft circular which carries the reporting format for investment advisors.

Banking & Finance

The Securities Exchange Board of India (SEBI) has released a draft circular which carries the reporting format for investment advisors. The investment advisors (IAs) are required to furnish to SEBI, information and reports as may be specified from time to time. At present, Sebi has recognised Investment Advisors Administration and Supervisory Body (IAASB) for the purpose of administration and supervision of investment advisors. The IAASB has been seeking these reports on an ad-hoc basis. So, it was decided to specify a standardised format for periodic reporting for investment advisors. Sebi has now prepared a standardised periodic format for submission of information by investment advisors pertaining to their activities on a periodic basis after the recommendations from Industry Standards Forum (ISF).


      Investment advisors will submit periodic reports for half yearly periods ending on September 30 and March 31, 2024 of every financial year.

      For the half-yearly period ending on March 31, 2024, IAs will submit the periodic report within 15 days from the date of issuance of circular by IAASB.

     

 

     


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