SEBI Extends Compliance Timeline for Investment Advisers’ Qualification Requirements

Posted On - 23 November, 2023 • By - King Stubb & Kasiva

The Securities and Exchange Board of India (SEBI) has, in a notification dated October 10, 2023, announced an extension of the compliance timeline for qualification and experience requirements outlined in Regulation 7 of the SEBI (Investment Advisers) Regulations, 2013[1].

Originally, Regulation 7 required individual investment advisers, principal officers of non-individual advisers, and those associated with investment advice to fulfil the heightened qualification and experience criteria in Regulation 7(1) within three years, by September 30, 2023. However, in response to stakeholder input and acknowledging the evolving nature of the investment advice sector, SEBI has chosen to extend the deadline for compliance with the enhanced qualification and experience requirements under Regulation 7(1) to September 30, 2025.

The extended timeframe accommodates market participants, considering the complexities of the investment advisory sector. Entities are urged to capitalize on this extension, ensuring seamless compliance with revised regulations for continued development and adherence to regulatory standards in the investment advisory space.