SEBI Mandates IAs and RAs to Disclose Use of ‘AI Tools’ in Providing Investment Advice & Research Services to Clients
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- Last Updated on 12 January, 2025
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Circular no. SEBI/HO/MIRSD/ MIRSD-PoD-1/P/CIR/2025/003; Dated: 08.01.2025
SEBI has issued guidelines for Research Analysts (RAs) and Investment Advisers (IAs). The guidelines cover qualification and certification requirements, fees chargeable to clients and deposit requirements. Under the guidelines, RAs and IAs must maintain a deposit based on their client base, ranging from Rs 1 lakh for up to 150 clients to Rs 10 lakh for over 1000 clients. Also, SEBI mandates RAs and IAs to disclose use of AI tools in providing investment advice & research services to clients.
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