Archive · 7 Aug 2025
SEBI Proposes Changes to Investment Advisor Rules
SEBI, India's market regulator, is making it easier to become an investment advisor.
They want people from any degree, not just economics, to be able to do it, as long as they pass a test.
They will also make it easier for advisors to share their past performance and simplify the registration process.
The changes will help with ease of doing business for investment advisors.
SEBI proposes allowing graduates from any discipline to become investment advisors and analysts.
The move aims to reduce red tape and widen entry to professionals in the field.
Mandatory requirement is passing NISM exams or accredited equivalents.
SEBI will allow sharing of past performance data, certified by accountants, with client consent.
The paper suggests eliminating multiple address proofs and infrastructure documentation.
- Who
- Securities and Exchange Board of India (SEBI), investment advisors, and research analysts.
- What
- SEBI proposes rule changes for investment advisors, including relaxing educational requirements.
- When
- The consultation paper was released on Thursday, with public comments accepted until August 28.
- Where
- India
- Why
- To reduce red tape, widen entry for professionals, and facilitate ease of doing business.
SEBI's Proposed Changes
Retail Investors
Retail Quota
SEBI's Proposed Changes
Reduce retail quota for IPOs to increase institutional allocations.
Retail Investors
Maintain the 35% retail quota to allow direct participation by retail investors.
- NISM Exams
- Mandatory qualification
- Public Comment Deadline
- August 28
- Past Performance Data
- Certified by a chartered accountant
- Infrastructure Documentation
- Reduced requirements
Sources
Why SEBI is batting for lower retail quota in large IPOs
IPO-bound firms trim issue size, selling shareholders hold back as listing valuations disappoint
Mutual Funds see 1.67 crore SIP additions in June quarter; Groww leads with 42 lakh
The 35 per cent retail quota in IPOs can stay
