BSE arm gets recognition to oversee IAs

Sebi has granted recognition for three years from June 1, 2021 and the renewal will be subject to satisfactory performance by BASL, which is a subsidiary of stock exchange BSE, the regulator said. All existing Sebi-registered investment advisers (IA) will be required to seek membership of BASL and the new applicants are required to obtain membership before applying for registration with the regulator.

via Economictimes

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