SEBI Directs Regulated Persons to Terminate Contracts with Unregistered Advisors or Claimants Within 3 Months
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- Last Updated on 24 October, 2024
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Circular No. SEBI/HO/MIRSD/ MIRSD-PoD-1/P/CIR/2024/143, Dated: 22.10.2024
Earlier, SEBI amended various regulations to prohibit regulated persons from associating with persons offering unregistered advice or making performance claims related to securities, except through a ‘specified digital platform’. Now, SEBI has advised regulated persons and their agents to terminate their existing contracts, if any, with persons engaged in the activities mentioned above, within 3 months from the date of issuance of this circular, i.e., 22.10.2024.
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