SEBI introduces amendments to the Securities and Exchange Board of India (Investment Advisers) Regulations, 2013

The Securities and Exchange Board of India (SEBI) has issued the second amendment regulations, amending the Investment Advisers Regulations, 2023. The Amendments aim to enhance and refine the regulatory framework for investment advisory services. The key amendments provide clear definitions of investment advice, introduce part-time investment advisers, and establish new qualification and certification requirements. They also cover compliance measures, the use of AI tools, and transition provisions for advisers managing over 300 clients or handling fees above three crore rupees.