Disclosures to clients

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....n which it offers advisory services, affiliations with other intermediaries and such other information as is necessary to take an informed decision on whether or not to avail its services. ^1[****] (4) An investment adviser shall disclose to the client its holding or position, if any, in the financial products or securities which are subject matter of advice. (5) An investment adviser sha....

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....vices in respect of products or services which are outside the purview of the Board, shall disclose to the client that such products or services and his advisory services in respect of such products or services are outside the regulatory purview of the Board and no recourse from the Board shall be available to such clients for any grievance arising therefrom. (9) An investment adviser shall dis....