Sebi reduces registration fee for investment advisors

Now, individuals and firms (partnership) will have to pay Rs 2,000 while
applying for an investment advisor certificate. Earlier, they had to
cough up a higher amount of Rs 5,000 as application fee, according to a
SEBI notification issued on Monday.
Markets regulator SEBI has cut down application and registration fees
for individuals and corporates seeking a registered investment advisor
The application fee for corporates including Limited Liability
Partnerships (LLPs) has been brought down to Rs 10,000 from Rs 25,000.
At the time of grant of a certificate, individuals and firms will have
to shell out a fee of Rs 3,000 and Rs 15,000 by bodies corporate.
Earlier, the registration fee was Rs 10,000 and Rs 5 lakh for individuals as
well as firms and body corporates respectively.
The cut down in fees is expected to help those seeking registration as
investment advisors.
The move comes after a series of tightening of norms by the Securities
and Exchange Board of India (SEBI) for registered investment advisors.
In September, SEBI came out with detailed guidelines for investment
advisers asking them to ensure segregation of advisory and distribution
activities at the client level.
Besides, SEBI had fixed a cap on the fee that investment advisers (IA) can
charge from clients. It had also put in place a procedural framework
pertaining to audit and record-keeping.

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