SEBI Mandates Comprehensive Disclosure and Transparency Rules for Investment Advisers to Protect Investor Interests

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....SEBI issued a comprehensive Investor Charter for Investment Advisers (IAs) to enhance financial consumer protection, transparency, and investor rights. The circular mandates IAs to disclose detailed information about their services, including risk profiling, client agreements, and grievance redressal mechanisms. Key requirements include maintaining client confidentiality, providing unbiased advice, ensuring transparent practices, and implementing a structured complaint resolution process through SCORES 2.0 platform. IAs must display monthly complaint data on their websites, adhere to strict disclosure norms, and follow ethical practices in investment advisory services, with immediate effect from the circular's issuance date.....