Extension in timeline for compliance with qualification and experience requirements under Regulation 7(1) of SEBI (Investment Advisers) Regulations, 2013
Summary
The circular extends the compliance timeline for qualification and experience requirements under Regulation 7(1) of SEBI (Investment Advisers) Regulations, 2013. The deadline for investment advisers to meet these enhanced standards is now set for September 30, 2025, instead of the previous date of September 30, 2023. This extension results from an amendment to the first proviso of Regulation 7(1) issued via the SEBI (Investment Advisers) (Amendment) Regulations, 2023.
Text
Regulation 7 specifies that individual investment advisers and principal officers shall comply with enhanced qualification and experience requirements within a period of three years, i.e., by September 30, 2023.
The timeline to comply with the enhanced qualification and experience requirements under regulation 7(1) is extended to September 30, 2025.
BSE Administration & Supervision Limited is directed to bring the provisions of this circular to the notice of its members and also disseminate the same on its website.
Source: SecMarx — Extension in timeline for compliance with qualification and experience requirements under Regulation 7(1) of SEBI (Investment Advisers) Regulations, 2013. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.