Administration and Supervision of Investment Advisers

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.... Advisers (IAs) to use infrastructure of the stock exchanges to purchase and redeem MF units directly from Asset Management Companies on behalf of their clients. 2. As per Regulation 14 of the SEBI (Investment Advisers) Regulations 2013 (hereinafter referred to as "IA Regulations"), SEBI can recognize any body/body corporate for the purpose of regulating IAs. It further provides that SEBI may, at....

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....k exchange subsidiary) to administer and supervise IAs registered with SEBI. A. Criteria for grant of recognition- The recognition of stock exchange subsidiary, in terms of the aforesaid Regulation 14, shall be based on the eligibility of the parent entity, i.e. the stock exchange, for which the following eligibility criteria is laid down: i. Number of years of existence: Minimum 15 years ii.....

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....ntaining data, sharing of information with SEBI etc. iv. The subsidiary shall have the necessary infrastructure like adequate office space, equipment and manpower to effectively discharge the below mentioned activities. Infrastructure may be shared with other group entities where required. C. Responsibilities of subsidiary of a stock exchange- The subsidiary of a stock exchange shall have follo....