SEBI vide notification dated October 10, 2023 has extended the timeline for compliance with qualification and experience requirements under SEBI (Investment Advisers) Regulations, 2013. The Regulation 7 of SEBI (Investment Advisers) Regulations, 2013, as amended vide SEBI (Investment Advisers) (Amendment) Regulations, 2020, specifies the qualification and experience requirements for investment advisers and provides that an individual investment adviser or principal officer of a non-individual investment adviser registered under these regulations and persons associated with investment advice shall comply with the enhanced qualification and experience requirements specified in regulation 7(1) within a period of three years, i.e., by September 30, 2023.
Based on the representations received from various stakeholders and in view of the emerging landscape of the domain of investment advice, the timeline to comply with the enhanced qualification and experience requirements under regulation 7(1) is extended to September 30, 2025.
