SEBI proposes relaxed eligibility for IAs and RAs

SEBI Report; dated: 07.08.2025

SEBI Issues Consultation Paper for Ease of Doing Business

The Securities and Exchange Board of India (SEBI) has issued a consultation paper outlining several proposals aimed at enhancing the ease of doing business for Investment Advisors (IAs) and Research Analysts (RAs). These proposals seek to streamline regulatory requirements and expand operational flexibility for market intermediaries.

Key Proposals for IAs and RAs

The consultation paper suggests allowing IAs and RAs to provide past performance data to clients, provided such data is certified by a member of the Institute of Chartered Accountants of India (ICAI), Institute of Company Secretaries of India (ICSI), or Institute of Cost Accountants of India (ICMAI). This measure is intended to increase transparency and enable investors to make more informed decisions.

Additional Operational Flexibility

SEBI also proposes permitting IAs to offer a second opinion to clients regarding pre-distributed assets, thereby expanding their scope of advisory services. In addition, the paper recommends relaxing educational qualification criteria for registration as IAs and RAs, which is expected to make it easier for professionals with relevant experience and skills to enter the industry.

Public Feedback Timeline

SEBI proposes relaxed eligibility for IAs and RAs

Stakeholders, including industry participants and the public, are invited to provide their comments and suggestions on the proposed measures. Feedback may be submitted to SEBI by August 28, 2025. The regulator will consider these inputs before finalizing the amendments to the existing regulations.

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