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SEBI has introduced the Securities and Exchange Board of India (Intermediaries) (Second Amendment) Regulations, 2025, effective upon publication in the Official Gazette. The amendment inserts Chapter IIIC mandating that Investment Advisers, Research Analysts, Algo Providers, and certain intermediaries may only make claims regarding returns or performance metrics if verified by a SEBI-recognized credit rating agency designated as a Past Risk and Return Verification Agency. Such claims must follow SEBI-specified protocols. Non-compliance may result in regulatory action under Chapter V of the regulations. The amendment establishes a verification framework to enhance transparency and accountability in performance reporting within the securities market.
SEBI has introduced the Securities and Exchange Board of India (Intermediaries) (Second Amendment) Regulations, 2025, effective upon publication in the Official Gazette. The amendment inserts Chapter IIIC mandating that Investment Advisers, Research Analysts, Algo Providers, and certain intermediaries may only make claims regarding returns or performance metrics if verified by a SEBI-recognized credit rating agency designated as a Past Risk and Return Verification Agency. Such claims must follow SEBI-specified protocols. Non-compliance may result in regulatory action under Chapter V of the regulations. The amendment establishes a verification framework to enhance transparency and accountability in performance reporting within the securities market.
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