Description
BSE has issued a Master Circular consolidating all notices and circulars applicable to Investment Advisers up to March 31, 2026, providing a single reference point for compliance.
Summary
BSE has issued a Master Circular for Investment Advisers (IAs) enlisted with the Exchange, consolidating all applicable notices and circulars issued up to March 31, 2026. This serves as a single reference document for IAs to access all regulatory requirements in one place.
Key Points
- Master Circular compiles all notices/circulars issued to Investment Advisers up to March 31, 2026
- A list of all circulars issued by BSE till March 31, 2026 is enclosed for ease of reference
- Multiple annexures included: TRAI guidelines, TRAI Directions, SOP, CeFCoM, Deposit Requirements for RAs, and other annexures (11A and 11B)
- Issued by Membership Compliance Department
- Contact for clarifications: ia.membership@bseindia.com
Regulatory Changes
No new regulatory changes are introduced. This circular is a consolidation exercise bringing together all existing circulars applicable to Investment Advisers into a single master document for ease of access and reference.
Compliance Requirements
- All enlisted Investment Advisers of BSE must refer to this Master Circular for applicable regulatory requirements
- IAs should familiarise themselves with the attached annexures covering TRAI guidelines, SOPs, CeFCoM procedures, and deposit requirements
- For clarifications, IAs are advised to contact ia.membership@bseindia.com
Important Dates
- Circular Date: April 30, 2026
- Coverage Period: All circulars issued up to March 31, 2026
Impact Assessment
This Master Circular primarily impacts Investment Advisers (IAs) enlisted with BSE. It does not introduce new obligations but simplifies regulatory compliance by providing a consolidated reference. IAs benefit from easier access to all applicable rules without needing to track multiple individual circulars. The inclusion of annexures on TRAI, CeFCoM, deposit requirements, and SOPs indicates comprehensive coverage of operational and compliance aspects relevant to IAs.
Impact Justification
High importance as it consolidates all applicable regulatory circulars for Investment Advisers into a single reference document, essential for IA compliance. Medium impact as it is a compilation rather than introducing new regulatory changes.