This is custom Compliance Resource management
There are couple of my clients who were using distribution services earlier (from the Pvt Ltd Company) and have not exited some investments (in Regular Mode) for various reasons like tax etc. No fees is being charged to them on Regular Mode assets. It’s also been mentioned in the Client Agreement. All new investments/switches have […]
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Response: You have to follow the below-mentioned stages of registration and reporting: Stage-1: Reporting Entity Registration Stage-2: Principal Officer Registration Stage-1: Reporting Entity Registration Process The main-page link is: https://fiuindia.gov.in/ However, you may directly go to the ‘FINnet Portal’ link: https://finnet.gov.in/ Click on “Register New User” Click on “Register new Reporting Entity” Enter the basic […]
Topic: Queries by ARIA members for BASL Membership Date: Tuesday, 17th August from 5 pm to 6 pm. Link : https://drive.google.com/file/d/1Tyr_XLs0ldQ35oYKlb1V1yLi5MW90OuX/view?usp=sharing
(ii) an experience of at least two years in activities relating to advice in financial products or securities or fund or asset or portfolio management: Because it further says Provided that investment advisers registered under these regulations as on the date of commencement of these regulations shall ensure that the individual investment adviser or principal […]
‘An investment advisor shall not enter into transactions on its own account which is contrary to its advice given to clients for a period of fifteen days from the day of such advice.’ Provided that during the period of such fifteen days, if the investment adviser is of the opinion that the situation has changed, […]
-Update their name in existing LOE of client and take KYC & risk tolerance as required or separate onboarding as client needs to be done. Response: Firstly, let us be clear on the ‘Family of client’ definition. According to Regulation 2(gb) of the IA Regulations: “Family of client” shall include individual client, dependent spouse, dependent […]
Our specific query was as follows: In terms of the fresh money, we wanted to understand the compliance norms and reporting requirements before accepting fresh funds. Our fresh investment recommendation to them were presently on the pause due to lack of clarity on the the above issues. Also, any other such rule and regulation that […]
Query-1: New Certificate – my SEBI registration was renewed in Apr’19 but haven’t got new certificate yet. There was confusion whether the old certificate has to be given to regional office / not to be given / sent to Bombay office etc. An year passed doing this and then lockdown in Mar’20. Most SEBI offices […]
Whether as an individual RIA, one has to register for SEBI SCORES portal, or is a SCORES registration auto generated for new intermediaries getting in registered since may be last 2 yrs, as I had probably read in a SEBI circulars earlier about it. If I have to register then how to? And if already […]
1. Client onboarding If the client is already KYC and shows up in records in KRA sites, what additional details do I have to do/ or execute. If the client is not, then what process needs to be followed? any existing link/ reference will help a lot. Response: CKYC: As per SEBI Circular – July […]