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Guidelines on Investment Advisory Services offered by Banks21/04/2016
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....licy Statement 2013-14 and the subsequent draft guidelines on Wealth Management/Marketing/Distribution Services offered by Banks issued on June 28, 2013, seeking comments of stakeholders. The draft guidelines dealt with, inter alia, Investment Advisory Services (IAS) offered by banks, and the concerns arising from the conflict of interest between these activities and the marketing/distribution act....
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....xtant guidelines on para-banking activities of banks). 4. All bank sponsored subsidiaries offering IAS will be registered with SEBI and regulated as per the SEBI (Investment Advisors) Regulations, 2013, and shall adhere to all relevant SEBI rules and regulations in this regard. 5. IAS provided by the bank sponsored subsidiaries should only be for the products and services in which banks are perm....