|Top 5 Views|
|Axis Mutual Fund introduces switching facilit...|
|Axis MF launches Axis Equity Saver Fund|
|Edelweiss Mutual Fund announces dividend unde...|
|Religare Invesco appoints Nilesh Bharkhada as...|
|Tata Mutual Fund Announces Dividend under its...|
According to media reports, SEBI has allowed stock exchanges to propose a subsidiary that would regulate registered investment advisors (RIAs). The capital market regulator is of the opinion that in the scenario of growing number of RIAs, it is necessary to recognize a wholly-owned subsidiary of the stock exchange (stock exchange subsidiary) to administer and supervise investment advisors registered with SEBI. SEBI has also set the criteria for a stock exchange subsidiary to become the regulator of RIAs.