Description
Amendment to SEBI Investment Advisers Regulations regarding deposit requirements and lien marking procedures.
Summary
SEBI has issued amendment regulations to the Investment Advisers Regulations, 2013, modifying deposit requirements and introducing lien marking procedures. The amendment becomes effective from the date of publication in the Official Gazette.
Key Points
- Amendment to Regulation 8 of SEBI Investment Advisers Regulations, 2013
- New provisions for deposit maintenance and lien marking
- Introduction of online dispute resolution mechanism provisions
- Effective from publication date in Official Gazette
Regulatory Changes
- Sub-regulation (2) of Regulation 8 amended to specify deposit maintenance as per SEBI directions
- New sub-regulation (3) added requiring lien marking in favor of recognized supervisory body
- Provision for recovery from deposit for non-payment of arbitration and conciliation proceedings under online dispute resolution or similar SEBI-specified arrangements
Compliance Requirements
- Investment advisers must maintain deposits as directed by SEBI
- Deposits must have lien marked in favor of SEBI-recognized supervisory body under Regulation 14
- Compliance with online dispute resolution mechanism requirements
- Payment obligations for arbitration and conciliation proceedings
Important Dates
- Publication Date: August 5, 2025
- Effective Date: From date of publication in Official Gazette
Impact Assessment
This amendment strengthens the regulatory framework for investment advisers by ensuring adequate deposit security and establishing clear procedures for dispute resolution cost recovery. It enhances investor protection while providing structured mechanisms for resolving disputes in the investment advisory sector.
Impact Justification
Regulatory amendment affecting investment advisers' deposit requirements and procedures