SEBI has asked individuals to either become RIAs to provide fee-based services or opt for mutual fund distribution model to charge commission
Jul 03 2020
News Category: Regulatory Updates
According to media reports, SEBI has asked individuals to either become Registered Investment Advisors (RIAs) to provide fee-based services or opt for mutual fund distribution model to charge commission. The market regulator has further explained that consumer discrimination shall not exist at individual RIA level. Regarding fees, SEBI said that it will provide separate guidelines to give details on modes of charging fees, periodicity and so on.