SEBI
The SEBI has issued a circular to allow Investment Advisers (IAs) and Research Analysts (RAs) to charge advance fees for up to one year (previously restricted).
Key Changes:
- Fee restrictions apply only to individual and HUF clients (excluding accredited investors).
- Non-individual, accredited, and institutional investors can negotiate fees contractually.
[Circular No. SEBI/HO/MIRSD/ MIRSD-PoD/P/CIR/2025/48 dated 02.04.2025]
