Part-time investment adviser framework: new client limits, segregation, deposit and certification obligations with AI disclosure requirements. Regulations introduce a part-time investment adviser category with limits on clients and obligations to segregate advisory work from other employment, require graduate minimum qualifications and continuous NISM certification for persons providing investment advice, replace networth with a bank deposit maintained under lien for dispute liabilities, create Form C for part-time registration, expand recordkeeping and website requirements, mandate appointment of a compliance officer or qualified independent professional, and impose specific responsibilities and disclosure obligations for use of Artificial Intelligence in advisory services.
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Part-time investment adviser framework: new client limits, segregation, deposit and certification obligations with AI disclosure requirements.
Regulations introduce a part-time investment adviser category with limits on clients and obligations to segregate advisory work from other employment, require graduate minimum qualifications and continuous NISM certification for persons providing investment advice, replace networth with a bank deposit maintained under lien for dispute liabilities, create Form C for part-time registration, expand recordkeeping and website requirements, mandate appointment of a compliance officer or qualified independent professional, and impose specific responsibilities and disclosure obligations for use of Artificial Intelligence in advisory services.
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