CURRENT AFFAIRS

Detailed explanation-1: -1. How are investment advisers regulated in India? The SEBI (Investment Advisers) Regulations, 2013 (“IA Regulations”) have been notified on January 21, 2013. The IA Regulations came into effect from April 21, 2013.

Detailed explanation-2: -An Investment Adviser means any person, who for consideration, is engaged in the business of providing investment advice to clients or other persons or group of persons and includes any person who holds out himself as an investment adviser.

Detailed explanation-3: -SEBI regulations for a Registered Investment Adviser RIA. SEBI Investment Advisors Regulation, 2013 regulates investment advisors in India. Also, SEBI prescribes the registration terms, qualification, eligibility criteria, fees to charge from the client, agreement with the client, and implementation services.

Detailed explanation-4: -Money managers, investment consultants, and financial planners are regulated in the United States as “investment advisers” under the U.S. Investment Advisers Act of 1940 (“Advisers Act” or “Act”) or similar state statutes.