Investment Adviser administration and supervision: mandatory IAASB membership and prescribed reporting and fee compliance required. SEBI has designated an Investment Adviser Administration and Supervisory Body (IAASB) to administer and supervise registered Investment Advisers, assigning it duties including on-site and off-site supervision, grievance redressal, administrative actions, monitoring and submission of periodical reports, and database maintenance; the IAASB board must be chaired by a Public Interest Director and include investor representation, while SEBI retains concurrent supervision and will inspect the IAASB. Registered Investment Advisers must join the IAASB and follow IAASB-prescribed membership, fee payment and reporting procedures to keep their registrations in force.
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.
Investment Adviser administration and supervision: mandatory IAASB membership and prescribed reporting and fee compliance required.
SEBI has designated an Investment Adviser Administration and Supervisory Body (IAASB) to administer and supervise registered Investment Advisers, assigning it duties including on-site and off-site supervision, grievance redressal, administrative actions, monitoring and submission of periodical reports, and database maintenance; the IAASB board must be chaired by a Public Interest Director and include investor representation, while SEBI retains concurrent supervision and will inspect the IAASB. Registered Investment Advisers must join the IAASB and follow IAASB-prescribed membership, fee payment and reporting procedures to keep their registrations in force.
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