Sebi reduces registration fee for investment advisors – Times of India

NEW DELHI: Markets regulator Sebi has minimize down software and registration charges for people and corporates in search of a registered funding advisor standing.
Now, people and corporations (partnership) should pay Rs 2,000 whereas making use of for an funding advisor certificates. Earlier, they needed to cough up the next quantity of Rs 5,000 as software payment, based on a Sebi notification issued on Monday.
The applying payment for corporates together with Restricted Legal responsibility Partnerships (LLPs) has been introduced all the way down to Rs 10,000 from Rs 25,000.
On the time of grant of a certificates, people and corporations should shell out a payment of Rs 3,000 and Rs 15,000 by our bodies company. Earlier, registration payment was Rs 10,000 and Rs 5 lakh for people in addition to corporations and physique corporates respectively.
The minimize down in charges is predicted to assist these in search of registration as investment advisors.
The transfer comes after a collection of tightening of norms by the Securities and Alternate Board of India (Sebi) for registered funding advisors.
In September, Sebi got here out with detailed tips for funding advisers asking them to make sure segregation of advisory and distribution actions on the consumer stage.
In addition to, Sebi had fastened a cap on payment that funding advisers (IA) can cost from purchasers. It had additionally put in place a procedural framework pertaining to audit and record-keeping.

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