The Securities and Exchange Board of India on 16th March 2021 has notified the Securities and Exchange Board of India (Investment Advisers) (Second Amendment) Regulations, 2021.
The amendment notifies the qualification and certification requirement for an individual to be registered as investment adviser in which it has inserted the following qualification.
A professional qualification or post-graduate degree or post graduate diploma (minimum two years in duration) in finance, accountancy, business management, commerce, economics, capital market, banking, insurance or actuarial science from a university or an institution recognized by the Central Government or any State Government or a recognised foreign university or institution or association or a professional qualification by completing a Post Graduate Program in the Securities Market (Investment Advisory) from NISM of a duration not less than one year or a professional qualification by obtaining a CFA Charter from the CFA Institute.
