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    Sebi guidelines for investment advisors

    Synopsis

    According to the rules, a new client will be eligible to avail either advisory or distribution services within the group or family of the investment advisor and this option has to be made available at the time of boarding.

    Existing clients will have to choose between distribution or advisory services, the regulator said.
    Mumbai: The Securities and Exchange Board of India said on Wednesday the guidelines for investment advisors will come into force from September 30. According to the rules, a new client will be eligible to avail either advisory or distribution services within the group or family of the investment advisor and this option has to be made available at the time of boarding. Existing clients will have to choose between distribution or advisory services, the regulator said.
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