(A) Annual Compliance Certificate for Client Level Segregation by nonindividual Investment Advisers; (B) Timeline for submission of periodic reports

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....dministration and Supervisory Body" ("IAASB") Madam / Sir, Sub: (A) Annual Compliance Certificate for Client Level Segregation by nonindividual Investment Advisers; (B) Timeline for submission of periodic reports (A) Annual Compliance Certificate for Client Level Segregation by nonindividual Investment Advisers 1. SEBI, vide Circular no. SEBI/HO/IMD/DF1/CIR/P/2020/182 dated September 2....

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....rement. 3. In view of the above, the paragraph 1.2 (i) (i) of the Master Circular shall stand modified as under: "1.2. (i) Client Level Segregation of Advisory and Distribution Activities (i) The IAs shall maintain on record an annual certificate from an auditor confirming compliance with the client level segregation requirements as specified in Regulation 22 of the IA Regulat....

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.... end of the half-yearly period for which details are to be furnished." 5. The provisions of this circular shall come into force with immediate effect. 6. IAASB is directed to: 6.1. bring the provisions of this circular to the notice of the investment advisers and also disseminate the same on its website; 6.2. make necessary amendments to the relevant Bye-laws, Guidelines, Standard Oper....