The Securities and Exchange Board of India (SEBI) has made it mandatory for investment advisors (IA) and research analysts (RA) that they have made terms and conditions known as ‘Most Important Terms and Conditions’ (MITC) (T&C ) We will disclose and take the consent of customers on them.
These important terms and conditions are a two -page document, which SEBI has given standard forms in collaboration with the respective industry standard organizations of IA and RA. Investment advisors will have to explain the clients about these terms and conditions by June 30. It is necessary to include new conditions in new agreements.
In addition, MITC has suggested clear steps to customers in the case of complaints. These include SEBI scores portal or online dispute solution (ODR) website to pursue the complaint (if the solution is unsatisfactory). The guidelines also report that investment advisors can only accept payment for counseling services. In their accounts on behalf of customers on them
A ban has been imposed on obtaining money or securities.
First Published – February 17, 2025 | 11:03 pm IST
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