Usage of brand name/trade name by Investment Advisers (IA) and Research Analysts (RA)
Summary
This circular mandates that Registered Investment Advisers and Research Analysts must prominently display their SEBI-registered details when using brand names or trade names. It requires specific disclosures including registration numbers, addresses, and compliance officer information in all client communications and marketing materials. The provisions prohibit the use of the SEBI logo and include a mandatory disclaimer regarding performance guarantees.
Text
The information such as name of the IA/RA as registered with SEBI, its logo, its registration number and its complete address with telephone numbers shall be prominently displayed on portal/web site, if any, notice board, display boards, advertisements, publications, know your client forms and client agreements.
The information such as name of the IA/RA as registered with SEBI, its logo, its registration number, its complete address with telephone numbers, the name of the compliance officer, his telephone number and e-mail address, the name, telephone number and e-mail address of the grievance officer or the grievance redressal cell shall be displayed prominently in statements or reports or any other form of correspondence with the client.
Disclaimer that “Registration granted by SEBI, membership of BASL (in case of IAs) and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors” shall be mentioned on portal/web site, if any, notice board, display boards, advertisements, publications, know your client forms, client agreements, statements or reports or any other form of correspondence with the client.
SEBI logo shall not be used by IA/RA.
The provisions of this circular shall be applicable with effect from May 01, 2023.
This circular is issued in exercise of powers conferred under section 11(1) of the Securities and Exchange Board of India Act, 1992, to protect the interests of investors in securities market and to promote the development of, and to regulate the securities market.
Source: SecMarx — Usage of brand name/trade name by Investment Advisers (IA) and Research Analysts (RA). Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.