While proscribing funding advisers (IAs) and studies analysts
(RAs) from the use of its brand, marketplace regulator Securities and Exchange
Board of India (SEBI) requested them to additionally prominently show touch
details, registration wide variety, statistics approximately compliance officer
and a disclaimer. "SEBI brand shall now no longer be utilized by IA or
RA," the marketplace regulator says, including that those modifications
may be effected from 1 May 2023.
In a circular, SEBI says, "It is located that few funding
advisers and studies analysts are the use of the logo call, change call or
brand extra prominently of their advertisements, websites, publications,
correspondences with customers and diverse files whilst advertising their
offerings as opposed to their call as registered with SEBI. The logo call,
change call and brand can also additionally or won't be associated with the
call of IA or RA as registered with SEBI and subsequently can also additionally
lie to and create confusion withinside the minds of the investors."
While the use of logo call, change call and brand, SEBI requested
IAs and RAs to prominently show on portal or website, if any, note boards, show
boards, advertisements, publications, know-your-consumer (KYC) paperwork and
consumer agreements, call of the IA or RA as registered with SEBI, its brand,
its registration wide variety and its whole cope with with smartphone numbers.
"The statistics which includes the call of the IA or RA as
registered with SEBI, its brand, its registration wide variety, its whole cope
with with smartphone numbers, the call of the compliance officer, his
smartphone wide variety and electronic mail cope with, the call, smartphone
wide variety and electronic mail cope with of the complaint officer or the complaint
redressal mobileular will be displayed prominently in statements or reviews or
some other shape of correspondence with the consumer," it says.
Further, IAs and RAs are mandated to place out a disclaimer
declaring that "Registration granted with the aid of using SEBI, club of
BASL (in case of IAs) and certification from NISM in no manner assure overall
performance of the middleman or offer any warranty of returns to
investors" at the portal or internet site, if any, note board, show
boards, advertisements, publications, KYC paperwork, consumer agreements,
statements or reviews or some other shape of correspondence with the consumer.
