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of <h1>SEBI Amends Investment Advisers Regulations 2024: New Definitions, AI Disclosure, Website Requirement, and Part-Time Adviser Registration.</h1> The Securities and Exchange Board of India (SEBI) has issued the Second Amendment to the Investment Advisers Regulations, 2024, effective upon publication in the Official Gazette. Key changes include the omission of certain clauses and the introduction of new definitions, such as 'part-time investment adviser' and 'other business activity or employment.' Amendments address qualifications, certification requirements, and deposit maintenance for investment advisers. New provisions mandate the disclosure of AI tools' use and require a functional website for advisers. The amendment also specifies compliance responsibilities and introduces Form C for part-time investment adviser registration.
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