Optional centralized fee payment platform launched for Investment Advisers & Research Analysts to enhance transparency.

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....SEBI has introduced an optional centralized fee collection mechanism (CeFCoM) for registered Investment Advisers (IAs) and Research Analysts (RAs). Clients can pay fees to IAs/RAs through a designated platform administered by the Administration and Supervisory Body (ASB). BSE Limited will specify the operational framework and make the mechanism operational from October 1, 2024. While optional, ASB will encourage clients, IAs, and RAs to use this mechanism to create a transparent payment ecosystem. The circular aims to protect investor interests and promote securities market development under SEBI Act and IA/RA Regulations.....