{"id":250340,"date":"2021-06-25T16:27:15","date_gmt":"2021-06-25T10:57:15","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=250340"},"modified":"2021-06-25T16:27:15","modified_gmt":"2021-06-25T10:57:15","slug":"framework-for-investment-advisers-under-sebi-investment-advisers-regulations-2013","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2021\/06\/25\/framework-for-investment-advisers-under-sebi-investment-advisers-regulations-2013\/","title":{"rendered":"Framework for Investment Advisers under SEBI (Investment Advisers) Regulations, 2013"},"content":{"rendered":"<p style=\"text-align: justify;\">The Securities and Exchange Board of India prescribes the framework for administration and supervision of Investment Advisers under the SEBI (Investment Advisers) Regulations, 2013 vide circular dated 18 June, 2021. The regulations specify the roles of Investment Adviser Administration and Supervisory Bodies like BASL and the compliance framework for Investment Advisors relating to membership fees and reporting requirements.<\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: justify;\">Key features of the framework notified by SEBI are:<\/p>\n<ul style=\"text-align: justify;\">\n<li>SEBI may recognise any body or body corporate for the purpose of regulating investment advisers and delegate administration and supervision of the IAs on terms and conditions specified by it, under the Investment Adviser Rules.<\/li>\n<li>SEBI has granted recognition to BSE Administration and Supervision Limited (BASL), a wholly owned subsidiary of BSE Limited for a period of three years from June 1, 2021 for administration and supervision of investment advisers.<\/li>\n<li>An entity granted recognition under SEBI (Investment Advisers) Regulations, 2013 shall be designated as \u201cInvestment Adviser Administration and Supervisory Body\u201d (\u201cIAASB\u201d) and shall have the following responsibility:<\/li>\n<\/ul>\n<ol style=\"text-align: justify;\">\n<li>Supervision of Investment Advisers including both on-site and offsite<\/li>\n<li>Grievance redressal of clients and IAs<\/li>\n<li>Administrative action\u00a0\u00a0 including\u00a0\u00a0 issuing a warning\u00a0\u00a0 and\u00a0\u00a0 referring\u00a0\u00a0 to\u00a0\u00a0 SEBI\u00a0\u00a0 for enforcement action<\/li>\n<li>Monitoring activities of IAs by obtaining periodical reports.<\/li>\n<\/ol>\n<ul>\n<li style=\"text-align: justify;\">All SEBI registered IAs shall submit periodic reports to IAASB in such manner as may be specified by IAASB.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<hr \/>\n<p><span style=\"color: #000080;\">*Tanvi Singh, Editorial Assistant has put this story together.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Securities and Exchange Board of India prescribes the framework for administration and supervision of Investment Advisers under the SEBI (Investment Advisers) <\/p>\n","protected":false},"author":121,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4,15],"tags":[],"class_list":["post-250340","post","type-post","status-publish","format-standard","hentry","category-legislationupdates","category-rules_regulations"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.4 (Yoast SEO v26.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Framework for Investment Advisers under SEBI (Investment Advisers) Regulations, 2013 | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.scconline.com\/blog\/post\/2021\/06\/25\/framework-for-investment-advisers-under-sebi-investment-advisers-regulations-2013\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Framework for Investment Advisers under SEBI (Investment Advisers) Regulations, 2013\" \/>\n<meta property=\"og:description\" content=\"The Securities and Exchange Board of India prescribes the framework for administration and supervision of Investment Advisers under the SEBI (Investment Advisers)\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.scconline.com\/blog\/post\/2021\/06\/25\/framework-for-investment-advisers-under-sebi-investment-advisers-regulations-2013\/\" \/>\n<meta property=\"og:site_name\" content=\"SCC Times\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/scc.online\/\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-25T10:57:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/03\/security-exchange-board-of-india.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1330\" \/>\n\t<meta property=\"og:image:height\" content=\"887\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Prachi Bhardwaj\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Prachi Bhardwaj\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2021\/06\/25\/framework-for-investment-advisers-under-sebi-investment-advisers-regulations-2013\/\",\"url\":\"https:\/\/www.scconline.com\/blog\/post\/2021\/06\/25\/framework-for-investment-advisers-under-sebi-investment-advisers-regulations-2013\/\",\"name\":\"Framework for Investment Advisers under SEBI (Investment Advisers) Regulations, 2013 | SCC Times\",\"isPartOf\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/#website\"},\"datePublished\":\"2021-06-25T10:57:15+00:00\",\"author\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/de579aff4bc6dd24b68d6d472ac92942\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2021\/06\/25\/framework-for-investment-advisers-under-sebi-investment-advisers-regulations-2013\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.scconline.com\/blog\/post\/2021\/06\/25\/framework-for-investment-advisers-under-sebi-investment-advisers-regulations-2013\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2021\/06\/25\/framework-for-investment-advisers-under-sebi-investment-advisers-regulations-2013\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.scconline.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Framework for Investment Advisers under SEBI (Investment Advisers) Regulations, 2013\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.scconline.com\/blog\/#website\",\"url\":\"https:\/\/www.scconline.com\/blog\/\",\"name\":\"SCC Times\",\"description\":\"Bringing you the Best Analytical Legal News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.scconline.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/de579aff4bc6dd24b68d6d472ac92942\",\"name\":\"Prachi Bhardwaj\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/04\/Prachi-Image2-150x150.png\",\"contentUrl\":\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/04\/Prachi-Image2-150x150.png\",\"caption\":\"Prachi Bhardwaj\"},\"description\":\"Senior Associate Editor\",\"url\":\"https:\/\/www.scconline.com\/blog\/post\/author\/editor_3\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Framework for Investment Advisers under SEBI (Investment Advisers) Regulations, 2013 | SCC Times","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.scconline.com\/blog\/post\/2021\/06\/25\/framework-for-investment-advisers-under-sebi-investment-advisers-regulations-2013\/","og_locale":"en_US","og_type":"article","og_title":"Framework for Investment Advisers under SEBI (Investment Advisers) Regulations, 2013","og_description":"The Securities and Exchange Board of India prescribes the framework for administration and supervision of Investment Advisers under the SEBI (Investment Advisers)","og_url":"https:\/\/www.scconline.com\/blog\/post\/2021\/06\/25\/framework-for-investment-advisers-under-sebi-investment-advisers-regulations-2013\/","og_site_name":"SCC Times","article_publisher":"https:\/\/www.facebook.com\/scc.online\/","article_published_time":"2021-06-25T10:57:15+00:00","og_image":[{"width":1330,"height":887,"url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/03\/security-exchange-board-of-india.jpg","type":"image\/jpeg"}],"author":"Prachi Bhardwaj","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Prachi Bhardwaj","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.scconline.com\/blog\/post\/2021\/06\/25\/framework-for-investment-advisers-under-sebi-investment-advisers-regulations-2013\/","url":"https:\/\/www.scconline.com\/blog\/post\/2021\/06\/25\/framework-for-investment-advisers-under-sebi-investment-advisers-regulations-2013\/","name":"Framework for Investment Advisers under SEBI (Investment Advisers) Regulations, 2013 | SCC Times","isPartOf":{"@id":"https:\/\/www.scconline.com\/blog\/#website"},"datePublished":"2021-06-25T10:57:15+00:00","author":{"@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/de579aff4bc6dd24b68d6d472ac92942"},"breadcrumb":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2021\/06\/25\/framework-for-investment-advisers-under-sebi-investment-advisers-regulations-2013\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.scconline.com\/blog\/post\/2021\/06\/25\/framework-for-investment-advisers-under-sebi-investment-advisers-regulations-2013\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.scconline.com\/blog\/post\/2021\/06\/25\/framework-for-investment-advisers-under-sebi-investment-advisers-regulations-2013\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.scconline.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Framework for Investment Advisers under SEBI (Investment Advisers) Regulations, 2013"}]},{"@type":"WebSite","@id":"https:\/\/www.scconline.com\/blog\/#website","url":"https:\/\/www.scconline.com\/blog\/","name":"SCC Times","description":"Bringing you the Best Analytical Legal News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.scconline.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/de579aff4bc6dd24b68d6d472ac92942","name":"Prachi Bhardwaj","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/04\/Prachi-Image2-150x150.png","contentUrl":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/04\/Prachi-Image2-150x150.png","caption":"Prachi Bhardwaj"},"description":"Senior Associate Editor","url":"https:\/\/www.scconline.com\/blog\/post\/author\/editor_3\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":322909,"url":"https:\/\/www.scconline.com\/blog\/post\/2024\/05\/25\/sebi-issues-master-circular-for-investment-advisers-rescinding-25-previous-circulars-legal-news\/","url_meta":{"origin":250340,"position":0},"title":"SEBI issues Master Circular for Investment Advisers rescinding 25 previous circulars","author":"Editor","date":"May 25, 2024","format":false,"excerpt":"This Master Circular is an amalgamation of all previous circulars and advisories related to Investment Advisers issued until 15-05-2024.","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"Securities and Exchange Board of India","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/03\/Securities-and-Exchange-Board-of-India.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/03\/Securities-and-Exchange-Board-of-India.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/03\/Securities-and-Exchange-Board-of-India.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/03\/Securities-and-Exchange-Board-of-India.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":300335,"url":"https:\/\/www.scconline.com\/blog\/post\/2023\/08\/30\/power-of-influence-regulating-the-financial-influencers-in-india\/","url_meta":{"origin":250340,"position":1},"title":"Power of Influence: Regulating the Financial Influencers in India","author":"Bhumika Indulia","date":"August 30, 2023","format":false,"excerpt":"by Gaargi Singh\u2020","rel":"","context":"In &quot;Op Eds&quot;","block_context":{"text":"Op Eds","link":"https:\/\/www.scconline.com\/blog\/post\/category\/op-ed\/legal-analysis\/"},"img":{"alt_text":"power of influence","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/08\/power-of-influence.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/08\/power-of-influence.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/08\/power-of-influence.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/08\/power-of-influence.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":127041,"url":"https:\/\/www.scconline.com\/blog\/post\/2017\/04\/26\/pfrda-smoothens-process-of-registration-of-retirement-advisers\/","url_meta":{"origin":250340,"position":2},"title":"PFRDA smoothens process of registration of &#8216;Retirement Advisers&#8217;\u00a0","author":"Saba","date":"April 26, 2017","format":false,"excerpt":"In order to smoothen the process of registration of Retirement Advisers, Pension Fund Regulatory and Development Authority (PFRDA) has transformed the process of submitting application from physical mode to online mode. The applicants can now submit their application online and upload scanned images of all the required documents. This will\u2026","rel":"","context":"In &quot;Hot Off The Press&quot;","block_context":{"text":"Hot Off The Press","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/hot_off_the_press\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":322855,"url":"https:\/\/www.scconline.com\/blog\/post\/2024\/05\/24\/sebi-issues-master-circular-for-research-analysts-to-enable-comprehensive-access-for-user\/","url_meta":{"origin":250340,"position":3},"title":"SEBI issues Master Circular for Research Analysts to enable comprehensive access for users","author":"Editor","date":"May 24, 2024","format":false,"excerpt":"The Master Circular includes all guidelines and directions issued till 15-05-2024 for better accessibility.","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"Securities and Exchange Board of India","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/03\/Securities-and-Exchange-Board-of-India.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/03\/Securities-and-Exchange-Board-of-India.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/03\/Securities-and-Exchange-Board-of-India.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/03\/Securities-and-Exchange-Board-of-India.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":341650,"url":"https:\/\/www.scconline.com\/blog\/post\/2025\/02\/17\/sebi-investor-charter-amendment-regulations-legal-news\/","url_meta":{"origin":250340,"position":4},"title":"SEBI revises various Regulations introducing compliance with Investor Charter","author":"Kriti","date":"February 17, 2025","format":false,"excerpt":"This amendment revises 17 SEBI Regulations.","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"Securities and Exchange Board of India","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/03\/Securities-and-Exchange-Board-of-India.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/03\/Securities-and-Exchange-Board-of-India.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/03\/Securities-and-Exchange-Board-of-India.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/03\/Securities-and-Exchange-Board-of-India.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":224093,"url":"https:\/\/www.scconline.com\/blog\/post\/2020\/01\/10\/operating-guidelines-for-investment-advisers-in-international-financial-services-centre\/","url_meta":{"origin":250340,"position":5},"title":"Operating Guidelines for Investment Advisers in International Financial Services Centre","author":"Bhumika Indulia","date":"January 10, 2020","format":false,"excerpt":"1. SEBI has issued SEBI (International Financial Services Centres) Guidelines, 2015 (hereinafter referred to as \u2018IFSC Guidelines\u2019) on March 27, 2015, for facilitating and regulating financial services relating to securities market in an IFSC set up under section 18(1) of Special Economic Zones Act, 2005. The IFSC Guidelines provide for\u2026","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/250340","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/users\/121"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=250340"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/250340\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=250340"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=250340"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=250340"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}