SEBI Circular No. SEBI/HO/IMD/DF2/CIR/P/2020/175 dated 17.09.2020
SEBI on Thursday provided new rules for Investment Advisors in International Financial Centers. According to the rules, a new client will be eligible to avail either advisory or distribution services within the group or family of the investment advisor and this option has to be made available at the time of boarding. Existing clients will have to choose between distribution or advisory services, the regulator said.