SEBI Initiates Measures to Streamline Investment Adviser Regulations and Compliance

The Securities and Exchange Board of India (SEBI) has established a working group to review regulatory overlaps between mutual fund distributors and registered investment advisers (RIAs) to clarify boundaries and streamline the advisory ecosystem. SEBI is also developing a common advertisement code for intermediaries, a standardized light-touch penalty structure for investment advisers, and a digital platform called SEBI SETU to simplify regulatory compliance. Additionally, a simplified certification module for non-core advisory roles is underway to support the expanding investor base.