Ease of doing business measures - Enabling Investment Advisers (“IAs”) to provide second opinion to clients on assets under pre-existing distribution arrangement

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....rvisory Body (IAASB) Madam / Sir, Sub: Ease of doing business measures - Enabling Investment Advisers ("IAs") to provide second opinion to clients on assets under pre-existing distribution arrangement 1. Clause 1.(iii)((f) of the Master Circular for Investment Advisers specifies that any portion of Assets Under Advice ("AUA") held by the client under any pre-existing distribution arrangement wi....

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....h assets subject to a limit of 2.5% of such assets value per annum. 3.2. In such cases, IAs must disclose and seek consent from such clients (on annual basis), that apart from the advisory fees payable to the IA, the clients will be incurring costs towards distributor consideration for such assets. 4. In view of above, the clause 1.(iii)((f) of the Master Circular for Investment Advisers shall s....