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The Securities and Exchange Board of India amended the Investment Advisers Regulations, 2013, effective from publication in the Official Gazette in 2025. The amendment replaces sub-regulation (2) of Regulation 8 to specify that deposits must be maintained in a form prescribed by the Board. A new sub-regulation (3) requires that such deposits be marked as a lien in favor of a body recognized by the Board for administering and supervising investment advisers. This deposit may be utilized to cover dues arising from arbitration or conciliation proceedings under the Online Dispute Resolution Mechanism or other Board-specified mechanisms if the investment adviser fails to pay.
The Securities and Exchange Board of India amended the Investment Advisers Regulations, 2013, effective from publication in the Official Gazette in 2025. The amendment replaces sub-regulation (2) of Regulation 8 to specify that deposits must be maintained in a form prescribed by the Board. A new sub-regulation (3) requires that such deposits be marked as a lien in favor of a body recognized by the Board for administering and supervising investment advisers. This deposit may be utilized to cover dues arising from arbitration or conciliation proceedings under the Online Dispute Resolution Mechanism or other Board-specified mechanisms if the investment adviser fails to pay.
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