Definition of Investment Adviser clarifies regulated activities, covered persons, and exclusions under SEBI investment adviser regulations. These regulations delimit the regulated activity of providing investment advice for consideration-covering recommendations on securities, portfolio advice and financial planning-and expressly exclude mass market publications and trading calls. They define an investment adviser (including part time advisers), assets under advice, principal officer responsibilities for non individual advisers, and persons associated with investment advice (client facing staff). Governance terms such as change in control, family definitions, forms and inspecting authority are also specified, with cross references to other statutes for undefined terms.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Definition of Investment Adviser clarifies regulated activities, covered persons, and exclusions under SEBI investment adviser regulations.
These regulations delimit the regulated activity of providing investment advice for consideration-covering recommendations on securities, portfolio advice and financial planning-and expressly exclude mass market publications and trading calls. They define an investment adviser (including part time advisers), assets under advice, principal officer responsibilities for non individual advisers, and persons associated with investment advice (client facing staff). Governance terms such as change in control, family definitions, forms and inspecting authority are also specified, with cross references to other statutes for undefined terms.
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