The Securities and Exchange Board of India registers intermediaries in the securities market, including investment advisers, research analysts, portfolio managers, alternative investment funds, stock brokers, depository participants and merchant bankers. Each registration has qualification, net worth and conduct requirements, and applications are made online through SEBI's intermediary portal.
Common SEBI registrations
| Registration | Activity |
|---|---|
| Investment Adviser | Fee-based investment advice |
| Research Analyst | Research reports and recommendations |
| Portfolio Manager | Managing client portfolios |
| AIF | Pooled private funds |
| Stock broker | Trading on exchanges |
| Merchant banker | Issue management |
General requirements
- NISM certifications for key persons
- Net worth as prescribed
- Fit and proper criteria
- Infrastructure and compliance officer
Process
- Choose registration.
- Prepare documents and certifications.
- Apply online with fees.
- Respond to SEBI queries.
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Periodic reporting, audits, grievance redressal and code of conduct.
Frequently asked questions
Do finfluencers need SEBI registration?
Giving investment advice or recommendations for consideration needs registration, and SEBI restricts associations with unregistered finfluencers.
Can individuals register as investment advisers?
Yes, subject to qualifications and net worth.
Is AMFI ARN a SEBI registration?
ARN is issued by AMFI for distributors under SEBI's framework.
How long does SEBI registration take?
Commonly a few months.
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