SEBI Reforms for Investment Advisers: Setu Portal, Ad Code, NISM
Why in the news
At an investment advisers’ conclave, the SEBI chief announced a package of steps to make advisory regulation simpler and clearer.
The five measures
| Measure | Details |
|---|---|
| Working group | Reviews MFD rules to resolve overlap with IAs |
| Common ad code | One code for all intermediaries; consistent investor messaging, curbs on misleading promotion |
| SEBI Setu | Digital platform for regulatory guidance and compliance help |
| Light-touch penalties | Standard, simple penalty framework; proportionate enforcement |
| Simplified certification | NISM module covering sales and non-core roles in advice |
Exam angle
- Chairman of SEBI named in the news: Tuhin Kanta Pandey.
- Full forms: MFD = Mutual Fund Distributor; IA = Investment Adviser.