Regulatory Investment Advice: Fintech vs Sebi
How are fintech firms coping with the physical process required by Sebi? They can’t
Subjects
BS Opinion | SEBI | Fintech
Media reports suggest that the Securities and Exchange Board of India (Sebi) wants to redefine the services of research analysts (RAs) and investment advisers (IAs) by tweaking the regulations governing them again. Let me start with a disclosure. I run a company regulated by Sebi and therefore my views may be coloured. However, I have insight into what investors are looking for that non-practitioners may not be aware of. Sebi brought IAs under its regulatory ambit in 2013 and RAs in 2014. IAs are meant to be like family doctors who know the health history of each member of the family. What a doctor knows about health, IA should know about wealth. But that’s where the analogy ends.
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First published: Sun 14 Aug 2022. 23:33 IST
