Securities and Exchange Board of India (Intermediaries) (Amendment) Regulations, 2024.

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....gulations may be called the Securities and Exchange Board of India (Intermediaries) (Amendment) Regulations, 2024. 2. They shall come into force on the date of their publication in the Official Gazette. 3. In the Securities and Exchange Board of India (Intermediaries) Regulations, 2008, after Chapter III and before Chapter IV, the following Chapter shall be inserted, namely, - "CHAPTER IIIA RESTRICTION IN DEALING WITH OTHER ENTITIES Restriction in having association with certain persons 16A. (1) No person regulated by the Board or the agent of such a person shall have any direct or indirect association, with another person who- (i) provides advice or any recommendation, directly....

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....tion technology systems; (d) any other association of a similar nature or character. Explanation 3. - For the purposes of this regulation, the expression "specified digital platform" shall mean a digital platform as specified by the Board, which has a mechanism in place to take preventive as well as curative action, to the satisfaction of the Board, to ensure that such a platform is not used for indulging in any activity as referred to in clause (i) or (ii) of sub-regulation (1). Explanation 4. - For the removal of doubts, it is clarified that the term "another person" in this regulation shall not include a person who is engaged in investor education, provided that such a person does not, directly or indirectly, i....