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<h1>SEBI Amends Investment Advisers Regulations: New Qualifications, Net Worth Rules, and Client Service Segregation Effective October 2020.</h1> The Securities and Exchange Board of India (SEBI) issued amendments to the Investment Advisers Regulations, 2013, effective 90 days from July 3, 2020. Key changes include defining 'assets under advice,' updating references to the Companies Act, and establishing new qualifications and certification requirements for investment advisers and associated persons. The amendments introduce net worth requirements for advisers, prohibit unregistered individuals from using certain titles, and mandate client-level segregation of advisory and distribution services. They also outline the conditions under which investment advisers can offer implementation services, ensuring no additional fees or commissions are received for such services.