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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>SEBI Issues New Advertising Code for Investment Advisers and Research Analysts Effective May 1, 2023.</h1> The Securities and Exchange Board of India (SEBI) has issued a circular detailing an advertisement code for Investment Advisers (IAs) and Research Analysts (RAs), effective May 1, 2023. The code mandates that advertisements must include accurate information, necessary disclosures, and standard warnings about market risks. Prohibited content includes misleading statements, exaggerated claims, and references to past performance. Advertisements must not imply guaranteed returns or use superlative terms. Prior approval from a SEBI-recognized supervisory body is required, and advertisements must be retained for five years. These guidelines aim to protect investors and ensure transparency in the securities market.
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